VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.33 Million in Varonis Systems, Inc. $VRNS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 55,632 shares of the technology company’s stock, valued at approximately $2,334,000.

Several other large investors have also modified their holdings of VRNS. EverSource Wealth Advisors LLC increased its holdings in Varonis Systems by 161.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after buying an additional 839 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Varonis Systems in the 4th quarter worth approximately $37,000. Fifth Third Bancorp raised its position in shares of Varonis Systems by 10,694.1% during the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,818 shares in the last quarter. Essential Partners LLC raised its position in shares of Varonis Systems by 72.5% during the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after acquiring an additional 863 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Varonis Systems during the second quarter worth $55,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Down 1.3%

VRNS stock opened at $45.50 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The firm’s 50-day simple moving average is $44.19 and its 200 day simple moving average is $33.59. The stock has a market cap of $5.23 billion, a PE ratio of -36.99 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results 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 analyst estimates of $176.83 million. During the same period in the previous year, the business posted $0.03 EPS. Varonis Systems’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. As a group, sell-side analysts predict that Varonis Systems, Inc. will post -0.97 EPS for the current year.

Analyst Ratings Changes

VRNS has been the topic of a number of research reports. Citigroup increased their target price on shares of Varonis Systems from $30.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. KeyCorp assumed coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating on the stock. Susquehanna raised their target price on shares of Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and an average price target of $49.32.

Varonis Systems Company Profile

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.