Legal & General Group Plc Trims Stake in Varonis Systems, Inc. $VRNS

Legal & General Group Plc lowered its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 50.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,037 shares of the technology company’s stock after selling 381,762 shares during the quarter. Legal & General Group Plc’s holdings in Varonis Systems were worth $12,268,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Varonis Systems by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock valued at $1,903,000 after buying an additional 287 shares in the last quarter. Signaturefd LLC lifted its holdings 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. Savant Capital LLC lifted 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 valued at $1,150,000 after buying an additional 339 shares in the last quarter. CI Investments Inc. lifted 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 valued at $60,000 after buying an additional 343 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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 valued at $90,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Down 6.6%

Shares of Varonis Systems stock opened at $33.51 on Thursday. 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, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The firm’s 50-day moving average is $26.29 and its two-hundred day moving average is $28.46. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -29.39 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems’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. As a group, research analysts expect that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRNS has been the subject of a number of research analyst reports. Stephens lifted their price objective on shares of Varonis Systems from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Varonis Systems in a report on Monday, May 4th. Rosenblatt Securities initiated coverage on shares of Varonis Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Truist Financial decreased their price objective on shares of Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company 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.