Resona Asset Management Co. Ltd. Has $152,000 Holdings in Varonis Systems, Inc. $VRNS

Resona Asset Management Co. Ltd. lowered its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 63.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,647 shares of the technology company's stock after selling 6,360 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Varonis Systems were worth $152,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in Varonis Systems in the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new position in Varonis Systems in the 4th quarter worth approximately $61,000. Transce3nd LLC bought a new position in Varonis Systems in the 4th quarter worth approximately $62,000. NBC Securities Inc. raised its position in Varonis Systems by 100,200.0% in the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock worth $81,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Varonis Systems in the 4th quarter worth approximately $163,000. Institutional investors own 95.65% of the company's stock.

Insider Activity

In related news, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director directly owned 128,666 shares in the company, valued at approximately $7,086,923.28. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Guy Melamed sold 42,705 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $57.72, for a total transaction of $2,464,932.60. Following the completion of the sale, the chief financial officer owned 427,897 shares of the company's stock, valued at $24,698,214.84. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,594 shares of company stock valued at $5,789,257 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VRNS. Susquehanna boosted their price objective on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Citigroup upped their target price on shares of Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a research report on Monday. Wall Street Zen upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Robert W. Baird upped their target price on shares of Varonis Systems from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.25.

Varonis Systems Stock Up 0.1%

NASDAQ VRNS traded up $0.06 on Wednesday, reaching $58.27. The company had a trading volume of 1,664,290 shares, compared to its average volume of 1,565,618. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of -63.34 and a beta of 0.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58. The company's fifty day moving average is $52.52 and its 200-day moving average is $46.47.

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

About Varonis Systems

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.