Varonis Systems, Inc. $VRNS Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 70.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 65,478 shares of the technology company’s stock after purchasing an additional 26,969 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Varonis Systems were worth $2,148,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VRNS. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems during the 1st quarter worth about $233,000. Caxton Associates LLP acquired a new position in Varonis Systems in the first quarter valued at about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after buying an additional 64,636 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Varonis Systems by 2.8% during the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after buying an additional 628 shares during the period. Finally, Invesco Ltd. boosted its stake in Varonis Systems by 8.6% during the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after buying an additional 7,618 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Price Performance

Shares of VRNS opened at $28.53 on Friday. The company has a market cap of $3.28 billion, a P/E ratio of -25.03 and a beta of 0.80. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average price is $23.71 and its 200 day moving average price is $30.36.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. The business’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, research analysts forecast that Varonis Systems, Inc. will post -1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target 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. Citigroup increased their price objective on shares of Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Barclays lifted their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Susquehanna upped their price target on Varonis Systems from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, Truist Financial lowered their price target on Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Fifteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $41.42.

Insider Transactions at Varonis Systems

In related news, EVP David Bass bought 2,980 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of $23.47 per share, with a total value of $69,940.60. Following the purchase, the executive vice president directly owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. This trade represents a 0.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

About Varonis Systems

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.