Varonis Systems, Inc. $VRNS Holdings Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 73.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,080 shares of the technology company’s stock after selling 199,526 shares during the period. Assenagon Asset Management S.A.’s holdings in Varonis Systems were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VRNS. Fideuram Asset Management Ireland dac acquired a new stake in shares of Varonis Systems in the fourth quarter valued at $2,784,000. Vanguard Group Inc. boosted its stake in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after buying an additional 822,925 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new position in Varonis Systems during the third quarter worth about $1,477,000. Ion Asset Management Ltd. acquired a new position in Varonis Systems during the third quarter worth about $5,172,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Varonis Systems by 127.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 732,189 shares of the technology company’s stock worth $24,016,000 after acquiring an additional 409,966 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp began coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating for the company. Susquehanna raised their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Royal Bank Of Canada upped their price target on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Barclays lifted their target price on Varonis Systems from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.15.

Varonis Systems Price Performance

VRNS opened at $41.89 on Thursday. The firm has a market capitalization of $4.81 billion, a P/E ratio of -36.75 and a beta of 0.83. The stock has a fifty day moving average of $31.49 and a 200-day moving average of $28.90. 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, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.27% and a negative net margin of 19.75%.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. Equities analysts forecast that Varonis Systems, Inc. will post -1.04 EPS 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.