Geode Capital Management LLC Has $92.94 Million Stock Position in Varonis Systems, Inc. $VRNS

Geode Capital Management LLC increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 5.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,833,180 shares of the technology company’s stock after buying an additional 151,961 shares during the period. Geode Capital Management LLC’s holdings in Varonis Systems were worth $92,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after purchasing an additional 322 shares during the last quarter. Savant Capital LLC raised its holdings in Varonis Systems by 1.7% during the 3rd quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 339 shares during the last quarter. CI Investments Inc. raised its holdings in Varonis Systems by 48.5% during the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock worth $60,000 after purchasing an additional 343 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Varonis Systems by 28.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,561 shares of the technology company’s stock worth $90,000 after purchasing an additional 348 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings 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 purchasing an additional 351 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $3.75 billion, a PE ratio of -28.68 and a beta of 0.89. The stock has a 50-day moving average of $26.74 and a 200-day moving average of $28.49. Varonis Systems, Inc. has a one year low of $19.70 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $173.13 million during 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 firm’s revenue for the quarter 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. As a group, sell-side analysts expect that Varonis Systems, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on VRNS shares. Wells Fargo & Company boosted their price objective on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. William Blair reissued a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Rosenblatt Securities started coverage on Varonis Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective for the company. DA Davidson boosted their price objective on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Varonis Systems in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.35.

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.