Arrowstreet Capital Limited Partnership Takes $11.84 Million Position in Varonis Systems, Inc. $VRNS

Arrowstreet Capital Limited Partnership purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 233,349 shares of the technology company’s stock, valued at approximately $11,842,000. Arrowstreet Capital Limited Partnership owned 0.21% of Varonis Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VRNS. Yorktown Management & Research Co Inc acquired a new position in shares of Varonis Systems in the second quarter worth about $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Varonis Systems in the 2nd quarter valued at about $418,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Varonis Systems by 3.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 293,083 shares of the technology company’s stock worth $14,874,000 after purchasing an additional 10,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Varonis Systems by 48.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,562 shares of the technology company’s stock worth $638,000 after purchasing an additional 4,097 shares in the last quarter. Finally, Capital Fund Management S.A. increased its holdings in Varonis Systems by 31.0% in the second quarter. Capital Fund Management S.A. now owns 306,695 shares of the technology company’s stock valued at $15,565,000 after buying an additional 72,657 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reduced their target price on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. B. Riley assumed coverage on shares of Varonis Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $80.00 price target for the company. DA Davidson decreased their target price on Varonis Systems from $55.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a report on Wednesday, September 3rd. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.79.

Varonis Systems Stock Up 3.0%

Shares of Varonis Systems stock opened at $32.47 on Wednesday. Varonis Systems, Inc. has a 12-month low of $30.02 and a 12-month high of $63.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $44.39 and a two-hundred day moving average price of $50.46. The stock has a market capitalization of $3.83 billion, a P/E ratio of -31.83 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The business had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Varonis Systems’s revenue was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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.