Intech Investment Management LLC Cuts Stock Position in Varonis Systems, Inc. $VRNS

Intech Investment Management LLC decreased its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 24.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,486 shares of the technology company’s stock after selling 14,437 shares during the quarter. Intech Investment Management LLC’s holdings in Varonis Systems were worth $2,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRNS. Bessemer Group Inc. raised its stake in shares of Varonis Systems by 179.1% during the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after acquiring an additional 317 shares in the last quarter. Quarry LP grew its holdings in shares of Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after purchasing an additional 261 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems during the 1st quarter valued at $69,000. FNY Investment Advisers LLC purchased a new position in Varonis Systems in the 2nd quarter worth $156,000. Finally, PNC Financial Services Group Inc. lifted its stake in Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,401 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

Shares of VRNS opened at $31.39 on Friday. The company has a 50-day simple moving average of $51.17 and a two-hundred day simple moving average of $51.65. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $3.70 billion, a PE ratio of -30.77 and a beta of 0.62. Varonis Systems, Inc. has a one year low of $31.34 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

VRNS has been the topic of a number of recent research reports. UBS Group reduced their price objective on Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citigroup dropped their price objective on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Truist Financial reiterated a “buy” rating and set a $50.00 price target (down from $70.00) on shares of Varonis Systems in a report on Wednesday, October 29th. Barclays boosted their price objective on shares of Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, TD Cowen raised their target price on Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.79.

Insider Transactions at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 3,892 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $59.52, for a total transaction of $231,651.84. Following the completion of the transaction, the chief financial officer owned 413,605 shares of the company’s stock, valued at approximately $24,617,769.60. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Varonis Systems Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.