Varonis Systems (NASDAQ:VRNS) Price Target Raised to $58.00

Varonis Systems (NASDAQ:VRNS) had its target price lifted by UBS Group from $37.00 to $58.00 in a research report sent to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

A number of other analysts have also issued reports on the company. Rosenblatt Securities initiated coverage on Varonis Systems in a research note on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Truist Financial raised their target price on shares of Varonis Systems from $34.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna boosted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and an average target price of $43.84.

Varonis Systems Trading Down 1.2%

Shares of VRNS opened at $44.78 on Tuesday. The stock has a fifty day moving average of $37.64 and a two-hundred day moving average of $30.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.14 billion, a PE ratio of -39.28 and a beta of 0.83. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week high of $63.90.

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

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently modified their holdings of VRNS. Vanguard Group Inc. increased its position in Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after purchasing an additional 822,925 shares in the last quarter. First Trust Advisors LP lifted its position in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after buying an additional 1,279,002 shares in the last quarter. RGM Capital LLC lifted its position in Varonis Systems by 17.1% during the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock valued at $103,651,000 after buying an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Varonis Systems by 43.4% during the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after buying an additional 944,676 shares during the period. Finally, Geode Capital Management LLC grew its stake in Varonis Systems by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock worth $92,943,000 after buying an additional 151,961 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

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.