Renaissance Technologies LLC Has $8.26 Million Stock Holdings in Varonis Systems, Inc. $VRNS

Renaissance Technologies LLC lifted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 848.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,625 shares of the technology company’s stock after acquiring an additional 344,064 shares during the quarter. Renaissance Technologies LLC’s holdings in Varonis Systems were worth $8,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRNS. Signaturefd LLC boosted its stake in shares of Varonis Systems by 47.8% in the 4th 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 last quarter. Empowered Funds LLC acquired a new stake in Varonis Systems during the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd acquired a new position in Varonis Systems in the third quarter valued at approximately $68,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Varonis Systems by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after buying an additional 940 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Varonis Systems during the 3rd quarter worth approximately $75,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Stock Up 3.1%

Varonis Systems stock opened at $41.18 on Tuesday. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -33.48 and a beta of 0.83. The firm’s fifty day moving average price is $39.40 and its two-hundred day moving average price is $30.71. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The firm had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $33.00 to $45.00 in a report on Wednesday, June 24th. KeyCorp initiated coverage on Varonis Systems in a research note on Tuesday, May 26th. They issued a “sector weight” rating for the company. Truist Financial boosted their target price on Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, New Street Research reiterated a “buy” rating on shares of Varonis Systems in a report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.05.

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.