69,040 Shares in Varonis Systems, Inc. $VRNS Purchased by Nicholas Investment Partners LP

Key Points

• Nicholas Investment Partners LP purchased 69,040 Varonis Systems shares worth approximately $2.9 million, while institutional investors collectively own 95.65% of the company.
• Analysts remain broadly positive, with 17 Buy ratings, six Holds and one Sell; the consensus rating is “Moderate Buy” with a $49.05 price target.
• Varonis exceeded quarterly expectations, reporting $0.04 EPS versus $0.01 expected and revenue of $180.02 million, up 18.3% year over year. Shares opened at $41.05, while the stock has traded between $19.70 and $63.90 over the past 12 months.

Nicholas Investment Partners LP purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,040 shares of the technology company's stock, valued at approximately $2,897,000. Nicholas Investment Partners LP owned about 0.06% of Varonis Systems at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Varonis Systems during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd purchased a new position in Varonis Systems during the third quarter worth $68,000. EverSource Wealth Advisors LLC increased its position 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 valued at $62,000 after acquiring an additional 940 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Varonis Systems in the third quarter valued at $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Varonis Systems in the second quarter valued at $55,000. Hedge funds and other institutional investors own 95.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on VRNS shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $55.00 price target on shares of Varonis Systems in a research note on Wednesday, July 29th. Wedbush reissued an "outperform" rating and issued a $37.00 price objective on shares of Varonis Systems in a research report on Wednesday, June 24th. Stephens raised shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $33.00 to $45.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada boosted their target price on Varonis Systems from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Finally, TD Cowen increased their price target on Varonis Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.05.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $41.05 on Tuesday. The firm has a market cap of $4.72 billion, a P/E ratio of -33.37 and a beta of 0.83. 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, Inc. has a 12 month low of $19.70 and a 12 month high of $63.90. The stock's fifty day moving average price is $42.29 and its 200-day moving average price is $31.78.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued 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 company had revenue of $180.02 million for the quarter, compared to analysts' expectations of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts expect that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Varonis Systems 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.

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