Legal & General Group Plc acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 95,281 shares of the technology company’s stock, valued at approximately $3,998,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in Varonis Systems during the 4th quarter valued at about $2,784,000. Quantinno Capital Management LP raised its position in shares of Varonis Systems by 59.0% in the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Varonis Systems by 218.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock worth $30,262,000 after purchasing an additional 966,817 shares in the last quarter. Bank of New York Mellon Corp grew its position in Varonis Systems by 17.1% during the 1st quarter. Bank of New York Mellon Corp now owns 552,203 shares of the technology company’s stock worth $11,856,000 after purchasing an additional 80,743 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Varonis Systems by 23.1% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.
Wall Street Analyst Weigh In
VRNS has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $55.00 price objective on shares of Varonis Systems in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. UBS Group upped their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. B. Riley Financial upped their price target on shares of Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Piper Sandler lifted their price objective on Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.05.
Varonis Systems Stock Down 0.9%
VRNS opened at $46.09 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $63.90. The company has a market cap of $5.29 billion, a PE ratio of -37.47 and a beta of 0.82. The company has a 50-day moving average price of $43.87 and a 200 day moving average price of $32.95.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.Varonis Systems’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. 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. Sell-side analysts expect that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.
Varonis Systems 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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