532,076 Shares in Varonis Systems, Inc. $VRNS Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 532,076 Varonis Systems shares worth approximately $22.3 million, giving it a 0.46% stake. Institutional investors and hedge funds collectively own 95.65% of the company.
• Varonis exceeded quarterly expectations, reporting $0.04 in EPS versus a $0.01 consensus estimate and $180.02 million in revenue, up 18.3% year over year. However, the company continues to report negative net margins and return on equity.
• Analyst sentiment remains favorable, with 17 Buy ratings, six Holds and one Sell; the stock has a consensus “Moderate Buy” rating and an average price target of $49.05.

Bank of New York Mellon Corp purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 532,076 shares of the technology company's stock, valued at approximately $22,326,000. Bank of New York Mellon Corp owned approximately 0.46% of Varonis Systems as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of Varonis Systems in the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new position in Varonis Systems during the third quarter worth about $68,000. EverSource Wealth Advisors LLC raised its stake in Varonis Systems by 344.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company's stock worth $62,000 after acquiring an additional 940 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Varonis Systems in the third quarter worth about $75,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Varonis Systems in the second quarter worth about $71,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $43.92 on Monday. 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 twelve month low of $19.70 and a twelve month high of $63.90. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -35.71 and a beta of 0.83. The company's fifty day moving average is $43.04 and its 200 day moving average is $32.32.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.Varonis Systems's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. 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. Sell-side analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on VRNS. Barclays decreased their price target on shares of Varonis Systems from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Robert W. Baird increased their price objective on shares of Varonis Systems from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Stephens upgraded shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. TD Cowen boosted their target price on shares of Varonis Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, Wedbush reiterated an "outperform" rating and set a $37.00 price target on shares of Varonis Systems in a report on Wednesday, June 24th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Varonis Systems has an average rating of "Moderate Buy" and a consensus target price of $49.05.

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.

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