878,383 Shares in Varonis Systems, Inc. $VRNS Bought by Norges Bank

Norges Bank purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the fourth quarter, Holdings Channel reports. The firm purchased 878,383 shares of the technology company’s stock, valued at approximately $28,811,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. bought a new position in Varonis Systems in the fourth quarter valued at about $1,312,000. Fideuram Asset Management Ireland dac bought a new position in Varonis Systems in the fourth quarter valued at about $2,784,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Varonis Systems in the fourth quarter valued at about $523,000. Jupiter Asset Management Ltd. bought a new position in Varonis Systems in the fourth quarter valued at about $564,000. Finally, Intech Investment Management LLC grew its position in Varonis Systems by 31.8% in the fourth quarter. Intech Investment Management LLC now owns 57,596 shares of the technology company’s stock valued at $1,889,000 after acquiring an additional 13,880 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

Varonis Systems stock opened at $32.48 on Wednesday. The business has a 50 day moving average of $27.19 and a 200-day moving average of $28.46. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $3.73 billion, a P/E ratio of -28.49 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. 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. On average, equities research analysts predict that Varonis Systems, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson lifted their target price on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research 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. Citigroup lifted their target price on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Varonis Systems in a research report on Monday, May 4th. Finally, Susquehanna lifted their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and an average target price of $41.35.

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.