Nomura Asset Management Co. Ltd. Cuts Stake in Varonis Systems, Inc. $VRNS

Nomura Asset Management Co. Ltd. cut its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,400 shares of the technology company’s stock after selling 193,980 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.30% of Varonis Systems worth $11,395,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VRNS. Signaturefd LLC raised its position in Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares during the period. Allworth Financial LP increased its position in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after acquiring an additional 463 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Varonis Systems during the third quarter worth about $42,000. Westside Investment Management Inc. increased its position in shares of Varonis Systems by 100.0% during the third quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after acquiring an additional 422 shares during the last quarter. Finally, First Horizon Corp grew its stake in Varonis Systems by 121.7% in the fourth quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock worth $57,000 after purchasing an additional 955 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $35.88 on Wednesday. Varonis Systems, Inc. has a 12 month low of $19.70 and a 12 month high of $63.90. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of -31.47 and a beta of 0.89. The stock’s 50 day moving average price is $25.85 and its 200 day moving average price is $28.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. The company’s revenue 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. Equities research analysts anticipate that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. KeyCorp initiated coverage on Varonis Systems in a research note on Tuesday, May 26th. They issued a “sector weight” rating for the company. Needham & Company LLC lifted their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Truist Financial decreased their target price on Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, William Blair restated a “market perform” rating on shares of Varonis Systems in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.35.

About Varonis Systems

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.