Trillium Asset Management LLC Purchases New Position in Varonis Systems, Inc. $VRNS

Trillium Asset Management LLC purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 82,862 shares of the technology company’s stock, valued at approximately $3,477,000.

Other hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Varonis Systems during the 4th quarter valued at approximately $48,263,000. First Trust Advisors LP grew its holdings in shares of Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after purchasing an additional 1,279,002 shares in the last quarter. Senvest Management LLC increased its position in Varonis Systems by 406.1% in the first quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after purchasing an additional 1,162,651 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Varonis Systems by 99.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after purchasing an additional 1,084,267 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Varonis Systems by 218.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after purchasing an additional 966,817 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Trading Down 3.4%

Shares of VRNS opened at $40.85 on Friday. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -33.21 and a beta of 0.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a 50-day moving average of $41.99 and a 200 day moving average of $31.59.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. On average, research analysts expect that Varonis Systems, Inc. will post -0.97 EPS for the current year.

Analysts Set New Price Targets

VRNS has been the subject of several research reports. Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. B. Riley Financial boosted their target price on shares of Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Citigroup upped their target price on shares of Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. UBS Group increased their price target on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Robert W. Baird lifted their price target on Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.05.

About Varonis Systems

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.