57,596 Shares in Varonis Systems, Inc. $VRNS Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 57,596 shares of the technology company’s stock, valued at approximately $2,417,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Varonis Systems in the fourth quarter valued at approximately $2,784,000. Quantinno Capital Management LP raised its stake in shares of Varonis Systems by 59.0% during the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company’s stock worth $1,650,000 after purchasing an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $30,262,000 after purchasing an additional 966,817 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after purchasing an additional 822,925 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Varonis Systems by 17.1% during the first 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 period. 95.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRNS has been the topic of several recent research reports. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. Barclays cut their price objective on shares of Varonis Systems from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Piper Sandler lifted their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $45.00 in a report on Wednesday, June 24th. Finally, Wells Fargo & Company boosted their price target on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.05.

Trending Headlines about Varonis Systems

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

• Positive Sentiment: Potential acquisition creates takeover premium: Proofpoint is reportedly in talks, with reports describing discussions as advanced. A takeover could value Varonis above its roughly $5 billion market capitalization and provide shareholders with a potential premium. The reports are based on sources familiar with the matter, and the deal could still fall through. Reuters report on Proofpoint acquisition talks
• Positive Sentiment: Snowflake partnership strengthens strategic positioning: Varonis announced that it achieved Snowflake Premier Partner status and is now available on the Snowflake Marketplace. The expanded integration may improve distribution and support demand for Varonis’ data and AI security offerings. Varonis Snowflake Premier Partner announcement
• Neutral Sentiment: Trading volatility increased: Trading in VRNS was temporarily paused under a Limit Up-Limit Down (LULD) halt as investors reacted to the acquisition reports. The halt reflects unusually strong price movement but does not provide confirmation that a transaction will be completed.

Varonis Systems Stock Up 10.4%

Varonis Systems stock opened at $46.76 on Thursday. The stock’s 50 day moving average price is $43.59 and its 200 day moving average price is $32.71. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a market cap of $5.37 billion, a PE ratio of -38.02 and a beta of 0.82. 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 (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. Varonis Systems’s revenue 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, sell-side analysts predict that Varonis Systems, Inc. will post -0.97 EPS 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.