Principal Financial Group Inc. Sells 38,961 Shares of Varonis Systems, Inc. $VRNS

Principal Financial Group Inc. reduced its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,270 shares of the technology company’s stock after selling 38,961 shares during the period. Principal Financial Group Inc. owned 1.20% of Varonis Systems worth $81,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC lifted its holdings in shares of Varonis Systems by 52.9% in the 3rd quarter. AlphaQuest LLC now owns 6,999 shares of the technology company’s stock worth $402,000 after buying an additional 2,422 shares during the period. Arizona State Retirement System increased its position in Varonis Systems by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock valued at $1,903,000 after purchasing an additional 287 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Varonis Systems by 44.3% in the 3rd quarter. New York State Common Retirement Fund now owns 52,201 shares of the technology company’s stock valued at $3,000,000 after purchasing an additional 16,014 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Varonis Systems by 29.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 602,379 shares of the technology company’s stock valued at $34,619,000 after purchasing an additional 137,713 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Varonis Systems by 49.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,718 shares of the technology company’s stock worth $1,076,000 after purchasing an additional 6,156 shares during the period. 95.65% of the stock is owned by institutional investors.

Trending Headlines about Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Varonis reported Q4 results above expectations — $0.08 EPS vs. a $0.03 consensus and revenue of $173.4M vs. ~$168.7M consensus; revenue grew ~9.4% year-over-year. This confirms near-term revenue momentum. Read More.
• Positive Sentiment: Management set FY2026 guidance well above prior street EPS expectations (EPS guidance 0.060–0.100 vs. consensus around -0.060) and raised revenue outlook ($722M–$730M). That forward guidance is a material positive signal about the company’s recovery and margin trajectory. Read More.
• Positive Sentiment: Operational progress: ARR and SaaS metrics improved (ARR +16% YoY; SaaS ARR ex-conversions +32%), and cash from operations and free cash flow both rose year-over-year — supporting a healthier balance-sheet and reinvestment capacity. Read More.
• Positive Sentiment: Strategic acquisition: Varonis announced it will acquire AllTrue.ai to add AI TRiSM capabilities — expands product footprint into AI trust, risk and security, which is accretive to its data+AI security positioning. Read More.
• Neutral Sentiment: Investors can review the earnings presentation and conference call materials for detail on assumptions behind guidance. Read More.
• Negative Sentiment: Legal overhang: multiple law firms have filed or solicited plaintiffs and issued lead-plaintiff deadlines (March 9), alleging misstatements about the SaaS transition and related guidance. The volume and substance of these actions increase short-term uncertainty and likely weighed on the stock today. Read More.
• Negative Sentiment: Numerous similar notices from other firms (Rosen, Pomerantz, Bragar, etc.) amplify the headlines and could pressure sentiment until litigation risk is resolved. Read More.

Varonis Systems Trading Down 9.3%

Shares of NASDAQ:VRNS opened at $26.53 on Wednesday. The business’s 50-day moving average is $32.99 and its 200 day moving average is $45.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems, Inc. has a 1 year low of $25.03 and a 1 year high of $63.90. The firm has a market capitalization of $3.13 billion, a P/E ratio of -26.01 and a beta of 0.58.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The business had revenue of $173.37 million for the quarter, compared to analyst estimates of $168.66 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VRNS. Royal Bank Of Canada reduced their price objective on shares of Varonis Systems from $60.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. TD Cowen raised their price objective on Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. cut their target price on Varonis Systems from $62.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Finally, Piper Sandler raised shares of Varonis Systems from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $47.00 in a research report on Monday, January 5th. Fifteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.50.

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.