CenterBook Partners LP Buys 73,603 Shares of Varonis Systems, Inc. $VRNS

CenterBook Partners LP boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 843.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,327 shares of the technology company’s stock after buying an additional 73,603 shares during the period. CenterBook Partners LP owned approximately 0.07% of Varonis Systems worth $2,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in Varonis Systems by 201.3% during the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares in the last quarter. Neo Ivy Capital Management bought a new position in Varonis Systems during the 3rd quarter valued at approximately $42,000. Signaturefd LLC increased its position in 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 buying an additional 322 shares in the last quarter. CI Investments Inc. increased its position in 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 buying an additional 343 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Varonis Systems by 44.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,156 shares of the technology company’s stock valued at $69,000 after buying an additional 354 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VRNS. Wells Fargo & Company raised their price objective on Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Barclays increased their target price on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Rosenblatt Securities began coverage on Varonis Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price on the stock. Susquehanna increased their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Wedbush increased their target price on Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.35.

Varonis Systems Stock Performance

Shares of VRNS opened at $32.48 on Wednesday. The business’s fifty day simple moving average is $27.19 and its two-hundred day simple moving average is $28.46. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. Varonis Systems, Inc. has a 12 month low of $19.70 and a 12 month high of $63.90. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -28.49 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm 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 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. Research analysts anticipate that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal year.

Varonis Systems 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.