Hsbc Holdings PLC Takes $1.40 Million Position in Varonis Systems, Inc. $VRNS

Hsbc Holdings PLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 33,918 shares of the technology company’s stock, valued at approximately $1,403,000.

A number of other institutional investors and hedge funds have also modified their holdings of VRNS. Canada Pension Plan Investment Board acquired a new position in Varonis Systems in the second quarter valued at approximately $562,000. Castleark Management LLC acquired a new stake in Varonis Systems during the 2nd quarter worth $1,928,000. Nicholas Investment Partners LP bought a new stake in shares of Varonis Systems during the 2nd quarter valued at $2,897,000. Legal & General Group Plc bought a new stake in shares of Varonis Systems during the 2nd quarter valued at $3,998,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Varonis Systems in the 2nd quarter valued at $2,417,000. 95.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group raised their price target on Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Citigroup upped their price objective on Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Barclays reduced their target price on Varonis Systems from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $55.00 target price on shares of Varonis Systems in a research report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.05.

Varonis Systems Stock Down 0.3%

Shares of NASDAQ:VRNS opened at $43.77 on Tuesday. The company has a 50 day moving average price of $43.26 and a two-hundred day moving average price of $32.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $5.03 billion, a PE ratio of -35.59 and a beta of 0.83. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. 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. Analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current 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.