Trillium Asset Management LLC bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,862 shares of the technology company’s stock, valued at approximately $3,477,000. Trillium Asset Management LLC owned 0.07% of Varonis Systems at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in VRNS. Fideuram Asset Management Ireland dac purchased a new stake in shares of Varonis Systems in the 4th quarter worth $2,784,000. Quantinno Capital Management LP lifted its position in Varonis Systems by 59.0% during the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 28,512 shares in the last quarter. Vanguard Group Inc. lifted its position in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after purchasing an additional 822,925 shares in the last quarter. 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, California State Teachers Retirement System grew its holdings in Varonis Systems by 23.1% during the first quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company’s stock valued at $2,839,000 after purchasing an additional 24,775 shares during the period. 95.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on VRNS shares. B. Riley Financial upped their price target on Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company boosted their price objective on Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $55.00 target price (up from $35.00) on shares of Varonis Systems in a report on Friday, July 24th. DA Davidson increased their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Barclays decreased their target price on shares of Varonis Systems from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus target price of $49.05.
Varonis Systems Trading Down 3.4%
Shares of VRNS opened at $40.85 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The company has a 50 day simple moving average of $41.99 and a two-hundred day simple moving average of $31.59. The firm has a market cap of $4.69 billion, a P/E ratio of -33.21 and a beta of 0.83.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. On average, equities analysts expect that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.
About Varonis Systems
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.
See Also
- Five stocks we like better than Varonis Systems
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.
