Assenagon Asset Management S.A. Makes New Investment in Varonis Systems, Inc. $VRNS

Assenagon Asset Management S.A. purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 165,228 shares of the technology company’s stock, valued at approximately $9,496,000. Assenagon Asset Management S.A. owned 0.15% of Varonis Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRNS. Norges Bank purchased a new stake in Varonis Systems during the second quarter valued at $65,161,000. Voya Investment Management LLC grew its stake in shares of Varonis Systems by 98.6% during the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after purchasing an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Varonis Systems by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after purchasing an additional 848,408 shares during the last quarter. RGM Capital LLC increased its position in shares of Varonis Systems by 45.5% during the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock valued at $109,479,000 after purchasing an additional 846,475 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Varonis Systems by 319.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after purchasing an additional 740,114 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VRNS. JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Truist Financial reaffirmed a “buy” rating and issued a $50.00 target price (down from $70.00) on shares of Varonis Systems in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group lowered their price objective on Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average target price of $59.79.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $33.42 on Friday. The business’s 50-day simple moving average is $40.00 and its two-hundred day simple moving average is $49.62. Varonis Systems, Inc. has a 52 week low of $30.02 and a 52 week high of $63.90. The stock has a market cap of $3.94 billion, a PE ratio of -32.76 and a beta of 0.64. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75.

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

Varonis Systems Profile

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.