Nicholas Investment Partners LP Acquires Shares of 69,040 Varonis Systems, Inc. $VRNS

Nicholas Investment Partners LP acquired a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 69,040 shares of the technology company’s stock, valued at approximately $2,897,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in shares of Varonis Systems during the 2nd quarter valued at approximately $3,998,000. The Manufacturers Life Insurance Company purchased a new stake in Varonis Systems during the second quarter worth $2,417,000. Algert Global LLC purchased a new stake in Varonis Systems during the second quarter worth $5,780,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Varonis Systems during the second quarter worth $61,262,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Varonis Systems during the second quarter valued at $23,711,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Robert W. Baird raised their target price on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Susquehanna raised their target price on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. KeyCorp assumed coverage on Varonis Systems in a research note on Tuesday, May 26th. They issued a “sector weight” rating for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $55.00 price target (up from $35.00) on shares of Varonis Systems in a report on Friday, July 24th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.05.

Varonis Systems Price Performance

Varonis Systems stock opened at $41.05 on Tuesday. The company has a fifty day simple moving average of $42.29 and a 200-day simple moving average of $31.78. The firm 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 quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. 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 anticipate that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

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.