DLD Asset Management LP Cuts Position in Varonis Systems, Inc. $VRNS

DLD Asset Management LP cut its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 99.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,385 shares of the technology company’s stock after selling 54,911,615 shares during the period. DLD Asset Management LP owned about 0.07% of Varonis Systems worth $5,079,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Varonis Systems by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock valued at $723,855,000 after purchasing an additional 436,462 shares during the period. First Trust Advisors LP boosted its holdings in shares of Varonis Systems by 7.9% in the 3rd quarter. First Trust Advisors LP now owns 3,148,243 shares of the technology company’s stock worth $180,930,000 after buying an additional 230,852 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Varonis Systems by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock worth $135,537,000 after buying an additional 7,342 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Varonis Systems by 69.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock valued at $95,192,000 after buying an additional 674,807 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Varonis Systems by 166.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after buying an additional 850,000 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRNS. B. Riley Financial reduced their target price on shares of Varonis Systems from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Varonis Systems from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Stephens assumed coverage on Varonis Systems in a report on Tuesday, December 30th. They set an “equal weight” rating and a $40.00 price objective for the company. Cantor Fitzgerald decreased their target price on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Truist Financial lowered their target price on Varonis Systems from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average price target of $43.15.

Insider Activity

In related news, Director John J. Gavin, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $22.54 per share, with a total value of $112,700.00. Following the acquisition, the director owned 273,666 shares of the company’s stock, valued at approximately $6,168,431.64. The trade was a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Avrohom J. Kess bought 17,800 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $22.29 per share, with a total value of $396,762.00. Following the purchase, the director owned 49,403 shares of the company’s stock, valued at $1,101,192.87. This represents a 56.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 25,780 shares of company stock worth $579,403. 2.30% of the stock is currently owned by corporate insiders.

Varonis Systems News Summary

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

• Neutral Sentiment: Varonis presented at the Morgan Stanley TMT conference (transcript available), providing management remarks investors can parse for revenue / SaaS transition color. Read More.
• Neutral Sentiment: Wells Fargo initiated coverage on VRNS (new analyst attention can bring renewed interest or liquidity). Read More.
• Neutral Sentiment: Analyst pieces and valuation pieces are revisiting Varonis after its reported SaaS execution issues; these stories frame both the downside risks and potential valuation opportunity. Read More.
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff participation in a securities class action alleging Varonis concealed renewal softness in its Federal and on‑premises businesses and mischaracterized the SaaS transition; the formal lead‑plaintiff deadline (March 9, 2026) tightens the timeline for litigation developments. Read More.
• Negative Sentiment: Numerous other plaintiff firms (Bronstein, Berger Montague, Schall, Pomerantz, Robbins Geller, Rosen, DJS, Bernstein Liebhard, etc.) have issued reminders and filings covering the same Class Period (Feb 4, 2025–Oct 28, 2025), amplifying the legal overhang and potential settlement/defense costs. Read More.

Varonis Systems Stock Up 2.3%

VRNS opened at $24.39 on Monday. Varonis Systems, Inc. has a 12 month low of $20.06 and a 12 month high of $63.90. The company has a market cap of $2.86 billion, a PE ratio of -21.39 and a beta of 0.62. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $29.00 and a 200 day moving average of $40.69.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. The firm had revenue of $173.37 million for the quarter, compared to the consensus estimate of $168.66 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems Company 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.