Varonis Systems, Inc. $VRNS Shares Purchased by Jennison Associates LLC

Key Points

• Jennison Associates boosted its stake in Varonis by 92.6% to 1,036,934 shares (about $34.0M), part of broad institutional accumulation that leaves 95.65% of shares held by institutions including large increases from Pictet, Clal and Vanguard.
• Varonis reported an earnings beat on April 28 — EPS $0.06 vs. ($0.05) expected and revenue $173.1M (up 26.9% year‑over‑year) — and set FY‑2026 EPS guidance of $0.110–0.120 with Q2 guidance of $0.000–0.010.
• The stock trades around $26.50 with a 52‑week range of $19.70–$63.90 and a $3.04B market cap; analysts have a consensus rating of "Moderate Buy" with a $41.42 target, while insiders (a director and the EVP) made small recent purchases increasing their holdings.

Jennison Associates LLC lifted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 92.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,934 shares of the technology company's stock after acquiring an additional 498,413 shares during the period. Jennison Associates LLC owned 0.88% of Varonis Systems worth $34,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VRNS. Pictet Asset Management Holding SA lifted its position in Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company's stock worth $71,480,000 after buying an additional 1,084,267 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Varonis Systems by 166.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company's stock worth $78,159,000 after buying an additional 850,000 shares in the last quarter. Vanguard Group Inc. lifted its position 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 buying an additional 822,925 shares in the last quarter. Atreides Management LP purchased a new position in Varonis Systems during the third quarter worth approximately $37,839,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Varonis Systems by 127.2% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 732,189 shares of the technology company's stock worth $24,016,000 after buying an additional 409,966 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $26.50 on Friday. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a quick ratio of 1.97, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $3.04 billion, a P/E ratio of -23.25 and a beta of 0.68. The stock's fifty day moving average is $23.37 and its two-hundred day moving average is $31.48.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. The company's quarterly revenue was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities analysts expect that Varonis Systems, Inc. will post -1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VRNS. Weiss Ratings reiterated a "sell (d-)" rating on shares of Varonis Systems in a research report on Wednesday, January 21st. Stephens lifted their price objective on Varonis Systems from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Barclays lifted their price objective on Varonis Systems from $28.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday. B. Riley Financial reduced their price objective on Varonis Systems from $58.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Finally, Citigroup lifted their price objective on Varonis Systems from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday. Fifteen 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 MarketBeat, Varonis Systems presently has an average rating of "Moderate Buy" and a consensus target price of $41.42.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Avrohom J. Kess bought 17,800 shares of Varonis Systems stock in a transaction on Friday, February 6th. The shares were bought at an average price of $22.29 per share, for a total transaction of $396,762.00. Following the completion of the transaction, the director directly owned 49,403 shares of the company's stock, valued at $1,101,192.87. This trade represents a 56.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Bass bought 2,980 shares of Varonis Systems stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $23.47 per share, for a total transaction of $69,940.60. Following the transaction, the executive vice president directly owned 1,042,924 shares of the company's stock, valued at approximately $24,477,426.28. This trade represents a 0.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 25,780 shares of company stock worth $579,403 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Varonis Systems Company 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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