Hsbc Holdings PLC Purchases Shares of 33,918 Varonis Systems, Inc. $VRNS

Key Points

• HSBC Holdings PLC acquired 33,918 shares of Varonis Systems during the second quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 95.65% of the company.
• Varonis reported quarterly revenue of $180.02 million and EPS of $0.04, exceeding analyst estimates, while revenue increased 18.3% year over year. Despite growth, the company posted a negative net margin of 20.55%.
• Analyst sentiment is broadly positive: 17 analysts rate the stock a Buy, six rate it Hold, and one rates it Sell. The consensus price target is $49.05, with several firms recently raising targets to $55.

Hsbc Holdings PLC acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,918 shares of the technology company's stock, valued at approximately $1,403,000.

Several other hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems during the first quarter worth approximately $233,000. Caxton Associates LLP acquired a new position in shares of Varonis Systems in the 1st quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Varonis Systems by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company's stock worth $25,049,000 after acquiring an additional 64,636 shares in the last quarter. Russell Investments Group Ltd. grew its position in Varonis Systems by 2.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company's stock worth $1,158,000 after acquiring an additional 628 shares during the last quarter. Finally, Invesco Ltd. grew its position in Varonis Systems by 8.6% during the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company's stock worth $4,899,000 after acquiring an additional 7,618 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $43.77 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $5.03 billion, a P/E ratio of -35.59 and a beta of 0.83. The firm has a 50 day simple moving average of $43.26 and a 200 day simple moving average of $32.44. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data 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 firm 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 business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter 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. Sell-side analysts predict that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VRNS has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $55.00 price objective (up from $35.00) on shares of Varonis Systems in a research report on Friday, July 24th. Susquehanna increased their target price on Varonis Systems from $36.00 to $55.00 and gave the stock a "positive" rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Varonis Systems from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 30th. New Street Research reaffirmed a "buy" rating on shares of Varonis Systems in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on Varonis Systems from $39.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Varonis Systems currently has an average rating of "Moderate Buy" and a consensus target price of $49.05.

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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