Pallas Capital Advisors LLC Invests $625,000 in Varonis Systems, Inc. $VRNS

Pallas Capital Advisors LLC acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,895 shares of the technology company’s stock, valued at approximately $625,000.

Several other hedge funds have also made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new position in Varonis Systems during the fourth quarter valued at about $48,263,000. First Trust Advisors LP raised its holdings in Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. Senvest Management LLC lifted its position in shares of Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after acquiring an additional 1,162,651 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Varonis Systems by 99.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after acquiring an additional 1,084,267 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Varonis Systems by 218.4% during 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. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VRNS shares. Weiss Ratings upgraded Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $45.00 in a research note on Wednesday, June 24th. Wells Fargo & Company boosted their price target on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 20th. TD Cowen increased their price objective on shares of Varonis Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, KeyCorp initiated coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They issued a “sector weight” rating for the company. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Trading Down 3.3%

VRNS stock opened at $42.28 on Thursday. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $41.84 and its 200-day moving average is $31.52. The firm has a market cap of $4.86 billion, a P/E ratio of -34.37 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results 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 business had revenue of $180.02 million during the quarter, compared to the consensus estimate 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 revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company 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. Equities analysts anticipate 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.