Harvey Partners LLC Sells 74,241 Shares of Varonis Systems, Inc. $VRNS

Harvey Partners LLC decreased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,759 shares of the technology company’s stock after selling 74,241 shares during the quarter. Varonis Systems makes up approximately 1.9% of Harvey Partners LLC’s portfolio, making the stock its 23rd biggest position. Harvey Partners LLC’s holdings in Varonis Systems were worth $19,730,000 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 the company. Quarry LP boosted its stake in shares of Varonis Systems by 31.8% during the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after purchasing an additional 261 shares in the last quarter. Bessemer Group Inc. raised its holdings in Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after buying an additional 317 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Varonis Systems by 5.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock worth $340,000 after buying an additional 351 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Varonis Systems by 5.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,049 shares of the technology company’s stock worth $408,000 after acquiring an additional 393 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Varonis Systems by 11.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,047 shares of the technology company’s stock valued at $203,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRNS shares. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Varonis Systems in a report on Wednesday, September 3rd. Piper Sandler lowered their target price on Varonis Systems from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Baird R W lowered Varonis Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Susquehanna lowered their price objective on Varonis Systems from $65.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, October 29th. Finally, Zacks Research raised Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and an average price target of $59.79.

Varonis Systems Trading Up 1.7%

Shares of VRNS stock opened at $33.79 on Friday. Varonis Systems, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $63.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50 day simple moving average of $42.86 and a two-hundred day simple moving average of $50.13. The company has a market cap of $3.98 billion, a P/E ratio of -33.13 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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.