Varonis Systems (NASDAQ:VRNS) Given New $58.00 Price Target at UBS Group

Varonis Systems (NASDAQ:VRNS) had its price objective increased by UBS Group from $37.00 to $58.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Needham & Company LLC boosted their price target on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. DA Davidson increased their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. William Blair reiterated a “market perform” rating on shares of Varonis Systems in a research report on Monday, March 23rd. Rosenblatt Securities started coverage on shares of Varonis Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, KeyCorp started coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and an average target price of $44.90.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $46.18 on Tuesday. The stock’s 50-day simple moving average is $36.92 and its 200-day simple moving average is $30.14. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -40.51 and a beta of 0.83. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The firm had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. As a group, analysts expect that Varonis Systems will post -1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRNS. Vanguard Group Inc. increased its stake in Varonis Systems by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after acquiring an additional 822,925 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Varonis Systems by 40.6% during the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. RGM Capital LLC boosted its position in shares of Varonis Systems by 17.1% during the 4th quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock valued at $103,651,000 after acquiring an additional 460,580 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock valued at $67,029,000 after acquiring an additional 944,676 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Varonis Systems by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 151,961 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

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.