VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.33 Million Position in Varonis Systems, Inc. $VRNS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, HoldingsChannel reports. The firm acquired 55,632 shares of the technology company’s stock, valued at approximately $2,334,000.

Several other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after buying an additional 839 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Varonis Systems during the 4th quarter worth about $37,000. Fifth Third Bancorp lifted its stake in shares of Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,818 shares during the period. Essential Partners LLC lifted its stake in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after acquiring an additional 863 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Varonis Systems in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Trading Down 1.3%

NASDAQ:VRNS opened at $45.50 on Friday. The stock’s 50-day moving average is $44.19 and its two-hundred day moving average is $33.59. 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 fifty-two week low of $19.70 and a fifty-two week high of $63.90. The stock has a market cap of $5.23 billion, a PE ratio of -36.99 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share 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 analyst estimates of $176.83 million. During the same quarter last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. 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. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VRNS has been the topic of a number of research analyst reports. B. Riley Financial raised their price objective on shares of Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Robert W. Baird increased their price target on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Wedbush reiterated an “outperform” rating and set a $37.00 price target on shares of Varonis Systems in a research report on Wednesday, June 24th. Finally, Needham & Company LLC upped their price objective on Varonis Systems from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Varonis Systems Company Profile

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.