Clal Insurance Enterprises Holdings Ltd Purchases New Stake in Varonis Systems, Inc. $VRNS

Key Points

• Clal Insurance Enterprises Holdings acquired 1.46 million Varonis Systems shares worth approximately $61.3 million, giving it a 1.27% stake. Institutional investors collectively own 95.65% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating from 24 analysts and an average price target of $49.05. Recent target prices range from $45 to $55.
• Varonis reported quarterly revenue of $180.02 million, up 18.3% year over year, and adjusted EPS of $0.04, beating estimates of $0.01. Shares opened at $41.23, while the stock’s 12-month range is $19.70 to $63.90.

Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,460,000 shares of the technology company's stock, valued at approximately $61,262,000. Clal Insurance Enterprises Holdings Ltd owned approximately 1.27% of Varonis Systems as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new position in shares of Varonis Systems in the 4th quarter valued at $2,784,000. Quantinno Capital Management LP lifted its position in shares of Varonis Systems by 59.0% during the 1st quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company's stock worth $1,650,000 after buying an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Varonis Systems by 218.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company's stock worth $30,262,000 after buying an additional 966,817 shares during the last quarter. Vanguard Group Inc. boosted its stake in Varonis Systems by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company's stock valued at $440,119,000 after buying an additional 822,925 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Varonis Systems by 23.1% in the first quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company's stock valued at $2,839,000 after buying an additional 24,775 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $55.00 target price (up from $35.00) on shares of Varonis Systems in a research note on Friday, July 24th. Barclays reduced their price target on shares of Varonis Systems from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Citigroup upped their price objective on shares of Varonis Systems from $30.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. B. Riley Financial increased their price objective on shares of Varonis Systems from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, New Street Research restated a "buy" rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Seventeen research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.05.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $41.23 on Monday. The firm has a market cap of $4.74 billion, a P/E ratio of -33.52 and a beta of 0.83. Varonis Systems, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90. The business has a fifty day simple moving average of $42.15 and a 200 day simple moving average of $31.68. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million for 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%.The business's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Analysts predict that Varonis Systems, Inc. will post -0.97 earnings per share for the current 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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