Connor Clark & Lunn Investment Management Ltd. Makes New $23.71 Million Investment in Varonis Systems, Inc. $VRNS

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 565,087 shares of the technology company’s stock, valued at approximately $23,711,000.

Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Varonis Systems in the first quarter valued at about $233,000. Caxton Associates LLP purchased a new stake in shares of Varonis Systems during the 1st quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Varonis Systems by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after purchasing an additional 64,636 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Varonis Systems by 2.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 628 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Varonis Systems by 8.6% in the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after purchasing an additional 7,618 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Price Performance

NASDAQ VRNS opened at $41.05 on Tuesday. The business’s fifty day moving average price is $42.29 and its 200-day moving average price is $31.78. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -33.37 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.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $176.83 million. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’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. On average, equities analysts predict that Varonis Systems, Inc. will post -0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. B. Riley Financial upped their price objective on shares of Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, July 24th. New Street Research reiterated a “buy” rating on shares of Varonis Systems in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and an average price target of $49.05.

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.