57,596 Shares in Varonis Systems, Inc. $VRNS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,596 shares of the technology company’s stock, valued at approximately $2,417,000. The Manufacturers Life Insurance Company owned about 0.05% of Varonis Systems at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Varonis Systems in the 4th quarter valued at about $48,263,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Varonis Systems during the second quarter worth approximately $61,262,000. First Trust Advisors LP lifted its stake in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after purchasing an additional 1,279,002 shares during the last quarter. Senvest Management LLC lifted its stake in Varonis Systems by 406.1% during the first quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after purchasing an additional 1,162,651 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Varonis Systems by 218.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after purchasing an additional 966,817 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Trading Up 10.4%

VRNS opened at $46.76 on Thursday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of -38.02 and a beta of 0.82. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90. The business’s 50 day moving average is $43.59 and its two-hundred day moving average is $32.71. 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 (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. 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, research analysts predict that Varonis Systems, Inc. will post -0.97 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on VRNS. Cantor Fitzgerald reissued an “overweight” rating and set a $55.00 price objective (up from $35.00) on shares of Varonis Systems in a report on Friday, July 24th. Piper Sandler upped their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Susquehanna upped their target price on shares of Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. TD Cowen increased their target price on shares of Varonis Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, B. Riley Financial lifted their price target on shares of Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Seventeen equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.05.

Key Stories Impacting Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Potential acquisition creates takeover premium: Proofpoint is reportedly in talks, with reports describing discussions as advanced. A takeover could value Varonis above its roughly $5 billion market capitalization and provide shareholders with a potential premium. The reports are based on sources familiar with the matter, and the deal could still fall through. Reuters report on Proofpoint acquisition talks
• Positive Sentiment: Snowflake partnership strengthens strategic positioning: Varonis announced that it achieved Snowflake Premier Partner status and is now available on the Snowflake Marketplace. The expanded integration may improve distribution and support demand for Varonis’ data and AI security offerings. Varonis Snowflake Premier Partner announcement
• Neutral Sentiment: Trading volatility increased: Trading in VRNS was temporarily paused under a Limit Up-Limit Down (LULD) halt as investors reacted to the acquisition reports. The halt reflects unusually strong price movement but does not provide confirmation that a transaction will be completed.

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.