Intech Investment Management LLC Has $2.42 Million Stock Position in Varonis Systems, Inc. $VRNS

Intech Investment Management LLC increased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 24.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,923 shares of the technology company’s stock after buying an additional 11,715 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Varonis Systems worth $2,424,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of Varonis Systems in the first quarter worth approximately $3,973,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after purchasing an additional 64,636 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Varonis Systems in the first quarter worth approximately $8,627,000. Caxton Associates LLP purchased a new stake in shares of Varonis Systems in the first quarter worth approximately $200,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after purchasing an additional 848,408 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 51,889 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the transaction, the chief financial officer directly owned 470,602 shares of the company’s stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the transaction, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,386 shares of company stock valued at $6,429,405 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $56.19 on Tuesday. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58. The stock has a fifty day simple moving average of $55.33 and a two-hundred day simple moving average of $48.38. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of -61.08 and a beta of 0.67.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.80 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VRNS. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. B. Riley began coverage on Varonis Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $80.00 price objective for the company. DA Davidson increased their price objective on Varonis Systems from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Wells Fargo & Company raised Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $51.00 to $70.00 in a report on Monday, August 11th. Finally, Citigroup upped their target price on Varonis Systems from $51.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.65.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.