Deutsche Bank AG Acquires New Position in Varonis Systems, Inc. $VRNS

Key Points

• Deutsche Bank acquired 287,111 shares of Varonis Systems in the second quarter, valued at approximately $12.0 million, while institutional investors collectively owned 95.65% of the company.
• Analyst sentiment remains positive: 17 analysts rate the stock Buy, six rate it Hold, and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $49.05.
• Varonis exceeded quarterly expectations with adjusted earnings of $0.04 per share versus a $0.01 estimate and revenue of $180.02 million, up 18.3% year over year, though the company continues to report negative net margins and return on equity.

Deutsche Bank AG bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 287,111 shares of the technology company's stock, valued at approximately $12,047,000. Deutsche Bank AG owned about 0.25% of Varonis Systems at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac bought a new stake in shares of Varonis Systems during the 4th quarter worth $2,784,000. Quantinno Capital Management LP grew its position in Varonis Systems by 59.0% in the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company's stock valued at $1,650,000 after acquiring an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 acquiring an additional 966,817 shares during the last quarter. Vanguard Group Inc. raised its stake in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company's stock worth $440,119,000 after acquiring an additional 822,925 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Varonis Systems by 23.1% during the first quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company's stock worth $2,839,000 after acquiring an additional 24,775 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. B. Riley Financial raised their price target 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. Wells Fargo & Company upped their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. TD Cowen increased their price objective on shares of Varonis Systems from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Wedbush restated an "outperform" rating and issued a $37.00 target price on shares of Varonis Systems in a research report on Wednesday, June 24th. Finally, Needham & Company LLC raised their target price on shares of Varonis Systems from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.05.

Varonis Systems Stock Up 0.9%

Shares of NASDAQ VRNS opened at $41.23 on Friday. The company has a 50 day simple moving average of $42.15 and a 200 day simple moving average of $31.66. 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, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The firm has a market cap of $4.74 billion, a PE ratio of -33.52 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping 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 net margin of 20.55% and a negative return on equity of 19.18%. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, research analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current year.

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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