Kornitzer Capital Management Inc. KS Has $5.92 Million Position in Varonis Systems, Inc. $VRNS

Kornitzer Capital Management Inc. KS lowered its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,358 shares of the technology company’s stock after selling 126,477 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Varonis Systems were worth $5,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stephens Inc. AR raised its holdings in shares of Varonis Systems by 1.9% during the 3rd quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock valued at $523,000 after purchasing an additional 171 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Varonis Systems by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock valued at $1,903,000 after purchasing an additional 287 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Varonis Systems by 1.7% during the 3rd quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 339 shares in the last quarter. Finally, CI Investments Inc. raised its holdings in shares of Varonis Systems by 48.5% during the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after purchasing an additional 343 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Activity

In other Varonis Systems news, Director John J. Gavin, Jr. purchased 5,000 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average cost of $22.54 per share, with a total value of $112,700.00. Following the completion of the transaction, the director owned 273,666 shares in the company, valued at $6,168,431.64. This trade represents a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Bass purchased 2,980 shares of the stock in a transaction dated Monday, February 9th. The stock was acquired at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the completion of the transaction, the executive vice president owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. The trade was a 0.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 25,780 shares of company stock valued at $579,403. 2.30% of the stock is owned by insiders.

Varonis Systems Trading Up 0.8%

Shares of NASDAQ:VRNS opened at $26.50 on Friday. The company has a market cap of $3.04 billion, a P/E ratio of -23.25 and a beta of 0.80. The stock’s 50-day moving average is $23.37 and its 200-day moving average is $31.26. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.97 and a current ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company 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 firm’s quarterly revenue was up 26.9% on a year-over-year basis. 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 research analysts predict that Varonis Systems, Inc. will post -1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VRNS shares. DA Davidson raised their price target on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush raised their price target on shares of Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler upgraded shares of Varonis Systems from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $47.00 in a report on Monday, January 5th. Fifteen 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.42.

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.