Geode Capital Management LLC Acquires 151,961 Shares of Varonis Systems, Inc. $VRNS

Geode Capital Management LLC raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,833,180 shares of the technology company’s stock after buying an additional 151,961 shares during the quarter. Geode Capital Management LLC owned 2.41% of Varonis Systems worth $92,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRNS. Signaturefd LLC increased its holdings in Varonis Systems by 47.8% in the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the period. Allworth Financial LP increased its holdings in Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares during the period. Neo Ivy Capital Management bought a new stake in Varonis Systems in the 3rd quarter valued at $42,000. First Horizon Corp increased its holdings in Varonis Systems by 121.7% in the 4th quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock valued at $57,000 after buying an additional 955 shares during the period. Finally, CI Investments Inc. increased its holdings in Varonis Systems by 48.5% in the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after buying an additional 343 shares during the period. Institutional investors own 95.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. DA Davidson boosted their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Varonis Systems in a research note on Monday, May 4th. Finally, KeyCorp assumed coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.35.

Varonis Systems Stock Down 1.7%

Shares of NASDAQ:VRNS opened at $32.69 on Friday. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average is $26.74 and its 200-day moving average is $28.49. The company has a market capitalization of $3.75 billion, a PE ratio of -28.68 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. 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. Equities research analysts predict that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal 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.