Arrowstreet Capital Limited Partnership Invests $11.84 Million in Varonis Systems, Inc. $VRNS

Arrowstreet Capital Limited Partnership bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, HoldingsChannel reports. The firm bought 233,349 shares of the technology company’s stock, valued at approximately $11,842,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Varonis Systems by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after buying an additional 848,408 shares in the last quarter. RGM Capital LLC increased its holdings in shares of Varonis Systems by 45.5% in the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock valued at $109,479,000 after purchasing an additional 846,475 shares during the last quarter. Geode Capital Management LLC lifted its position in Varonis Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock worth $135,537,000 after acquiring an additional 7,342 shares during the last quarter. Voya Investment Management LLC grew its holdings in Varonis Systems by 98.6% in the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after buying an additional 1,152,687 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Varonis Systems by 4.1% during the second quarter. Stephens Investment Management Group LLC now owns 1,670,404 shares of the technology company’s stock worth $84,773,000 after acquiring an additional 65,846 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $32.47 on Wednesday. The business’s fifty day simple moving average is $44.39 and its 200 day simple moving average is $50.46. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.83 billion, a P/E ratio of -31.83 and a beta of 0.64. Varonis Systems, Inc. has a 12 month low of $30.02 and a 12 month high of $63.90.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Zacks Research raised Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Cantor Fitzgerald set a $60.00 price target on Varonis Systems and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Barclays increased their price target on Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Susquehanna reduced their target price on Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, October 29th. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.79.

Varonis Systems Company 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.