Senvest Management LLC grew its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) by 406.1% in the first quarter, Holdings Channel reports. The fund owned 1,448,943 shares of the technology company’s stock after acquiring an additional 1,162,651 shares during the quarter. Varonis Systems accounts for about 1.0% of Senvest Management LLC’s portfolio, making the stock its 29th largest position. Senvest Management LLC’s holdings in Varonis Systems were worth $31,109,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Varonis Systems in the 4th quarter worth approximately $48,263,000. First Trust Advisors LP lifted its stake in Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after purchasing an additional 1,279,002 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock valued at $71,480,000 after purchasing an additional 1,084,267 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Varonis Systems by 218.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after purchasing an additional 966,817 shares during the period. Finally, Norges Bank purchased a new stake in Varonis Systems in the fourth quarter worth $28,811,000. 95.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on VRNS shares. Wells Fargo & Company boosted their target price on Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Royal Bank Of Canada increased their price target on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Needham & Company LLC lifted their price objective on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Rosenblatt Securities began coverage on Varonis Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Weiss Ratings upgraded Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Varonis Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.42.
Varonis Systems Stock Up 2.1%
Varonis Systems stock opened at $45.74 on Friday. The firm has a 50 day simple moving average of $37.99 and a 200 day simple moving average of $30.42. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -40.12 and a beta of 0.83.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The firm had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. On average, analysts predict that Varonis Systems, Inc. will post -1.05 earnings per share for the current year.
Varonis Systems Company Profile
Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.
Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.
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