Intech Investment Management LLC Boosts Stake in Varonis Systems, Inc. $VRNS

Key Points

• Intech Investment Management LLC increased its stake in Varonis Systems by 24.3% in Q1, holding 59,923 shares worth approximately $2.42 million as of the end of the quarter.
• Several institutional investors, including Goldman Sachs Group Inc. and UBS Asset Management, have also made significant increases or new stakes in Varonis Systems during the first quarter.
• Varonis Systems reported Q2 earnings with a 16.7% year-over-year revenue growth and an EPS of $0.03, surpassing analysts' expectations and setting FY 2025 guidance at 0.160-0.180 EPS.

Intech Investment Management LLC lifted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,923 shares of the technology company's stock after purchasing an additional 11,715 shares during the period. Intech Investment Management LLC owned 0.05% of Varonis Systems worth $2,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VRNS. ProShare Advisors LLC boosted its position in shares of Varonis Systems by 47.9% during the 4th quarter. ProShare Advisors LLC now owns 31,363 shares of the technology company's stock valued at $1,393,000 after purchasing an additional 10,157 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Varonis Systems in the fourth quarter worth approximately $163,000. Teza Capital Management LLC raised its stake in shares of Varonis Systems by 3.1% in the fourth quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock worth $437,000 after purchasing an additional 299 shares during the last quarter. Tidal Investments LLC increased its position in shares of Varonis Systems by 1,540.5% during the fourth quarter. Tidal Investments LLC now owns 67,423 shares of the technology company's stock valued at $2,996,000 after acquiring an additional 63,313 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Varonis Systems by 26.9% during the fourth quarter. Two Sigma Investments LP now owns 1,310,118 shares of the technology company's stock valued at $58,209,000 after acquiring an additional 278,070 shares during the last quarter. Institutional investors own 95.65% of the company's stock.

Varonis Systems Trading Up 1.0%

VRNS traded up $0.57 on Friday, hitting $58.06. The company had a trading volume of 3,412,272 shares, compared to its average volume of 1,279,114. The business's fifty day simple moving average is $55.81 and its 200 day simple moving average is $48.72. Varonis Systems, Inc. has a 12-month low of $36.53 and a 12-month high of $60.58. The company has a market cap of $6.51 billion, a PE ratio of -63.11 and a beta of 0.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter in the prior year, the firm posted $0.05 EPS. Varonis Systems's quarterly revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Equities research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling

In related news, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the transaction, the chief financial officer owned 470,602 shares of the company's stock, valued at $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the transaction, the director directly owned 128,666 shares in the company, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,386 shares of company stock valued at $6,429,405 in the last three months. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush reissued an "outperform" rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, September 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a report on Tuesday, July 22nd. Jefferies Financial Group raised Varonis Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $50.00 to $65.00 in a report on Thursday, July 24th. Wells Fargo & Company upgraded Varonis Systems from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Finally, B. Riley began coverage on Varonis Systems in a report on Tuesday, August 26th. They set a "buy" rating and a $80.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Varonis Systems has a consensus rating of "Moderate Buy" and an average target price of $61.65.

Varonis Systems Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.