First Trust Advisors LP Sells 1,623,258 Shares of Varonis Systems, Inc. $VRNS

First Trust Advisors LP reduced its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 36.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,803,987 shares of the technology company’s stock after selling 1,623,258 shares during the quarter. First Trust Advisors LP’s holdings in Varonis Systems were worth $60,202,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its stake in Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Signaturefd LLC grew its stake in Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after buying an additional 322 shares in the last quarter. Empowered Funds LLC acquired a new stake in Varonis Systems during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new position in Varonis Systems in the 3rd quarter valued at about $68,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Varonis Systems by 344.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $62,000 after buying an additional 940 shares during the period. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRNS. TD Cowen upped their price target on shares of Varonis Systems from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, July 13th. DA Davidson lifted their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group boosted their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada raised their target price on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and an average target price of $45.42.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $45.74 on Friday. The firm’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $30.42. The stock has a market cap of $5.25 billion, a PE ratio of -40.12 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week 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. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. The firm’s revenue 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. On average, equities analysts expect that Varonis Systems, Inc. will post -1.05 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.