72,577 Varonis Systems, Inc. $VRNS Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Varonis Systems stake by 417.3% in the third quarter, purchasing 72,577 additional shares and bringing its holdings to 89,971 shares valued at approximately $4.27 million.
• Institutional investors own 95.65% of Varonis shares, with several major funds—including Pictet Asset Management, American Capital Management, and Senvest Management—also expanding their positions.
• Varonis shares opened at $48.68 amid the pending $49.75-per-share all-cash acquisition by Proofpoint. Analysts largely rate the stock “Hold,” reflecting limited upside beyond the offer price, while the company’s latest quarter exceeded earnings and revenue estimates.

Assenagon Asset Management S.A. grew its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 417.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,971 shares of the technology company's stock after purchasing an additional 72,577 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Varonis Systems worth $4,269,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VRNS. Pictet Asset Management Holding SA boosted its stake in Varonis Systems by 43.4% in the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company's stock valued at $67,029,000 after acquiring an additional 944,676 shares during the last quarter. American Capital Management Inc. increased its stake in shares of Varonis Systems by 54.3% during the 1st quarter. American Capital Management Inc. now owns 2,328,379 shares of the technology company's stock worth $49,990,000 after purchasing an additional 819,340 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Varonis Systems by 17.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,992,760 shares of the technology company's stock worth $42,785,000 after purchasing an additional 302,411 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $61,262,000. Finally, Senvest Management LLC raised its holdings in shares of Varonis Systems by 406.1% in the 1st 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 period. 95.65% of the stock is owned by institutional investors.

More Varonis Systems News

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

• Positive Sentiment: Proofpoint’s proposed acquisition represents a substantial premium and validates demand for Varonis’ data-security business. The all-cash transaction is the key reason shares have moved close to the $49.75 offer price. Proofpoint to acquire Varonis in a $6.3 billion transaction
• Positive Sentiment: Barclays reaffirmed its $50 price target, modestly above the cash offer, suggesting limited additional upside if the deal closes as expected. The reaffirmed Equal Weight rating reflects the stock’s merger-arbitrage profile rather than a strong standalone bullish view. Barclays reaffirms $50 target for Varonis Systems
• Neutral Sentiment: Varonis announced an integration with Collibra that will bring continuously synchronized sensitivity labels into Collibra’s AI governance platform. The partnership strengthens Varonis’ positioning in secure enterprise AI adoption, although its impact is likely secondary to the pending acquisition. Varonis and Collibra: Automating Data Governance for AI
• Negative Sentiment: Shareholder law firm Kahn Swick & Foti is investigating whether the $49.75 consideration and sale process are adequate. Such reviews can create deal uncertainty, even though no wrongdoing has been established. Varonis Systems Investor Alert
• Negative Sentiment: Truist and Barclays both moved their ratings to Hold, signaling reduced enthusiasm for Varonis as an independent company and emphasizing the limited upside beyond the acquisition price. Varonis cut to Hold at Truist Financial

Varonis Systems Trading Down 0.0%

Shares of NASDAQ:VRNS opened at $48.68 on Wednesday. The company's fifty day moving average price is $46.07 and its 200-day moving average price is $38.46. Varonis Systems, Inc. has a one year low of $19.70 and a one year high of $63.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, analysts anticipate that Varonis Systems, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VRNS. Cantor Fitzgerald reissued an "overweight" rating on shares of Varonis Systems in a report on Friday. Wells Fargo & Company downgraded Varonis Systems from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $53.00 to $49.75 in a research report on Friday, October 16th. Wedbush raised their price target on Varonis Systems from $46.00 to $49.75 and gave the stock a "neutral" rating in a report on Friday, October 16th. Piper Sandler reaffirmed a "neutral" rating and issued a $49.75 price target (down from $58.00) on shares of Varonis Systems in a report on Friday, October 16th. Finally, UBS Group lifted their price target on Varonis Systems from $37.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $50.89.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company's products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.

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