Wellington Management Group LLP Purchases New Stake in Varonis Systems, Inc. $VRNS

Key Points

• Wellington Management acquired 732,435 shares of Varonis Systems in the second quarter, worth approximately $30.7 million and representing about 0.64% of the company. Institutional investors collectively own 95.65% of VRNS.
• Varonis beat quarterly expectations with $0.04 in earnings per share versus the $0.01 consensus estimate, while revenue reached $180.02 million, up 18.3% year over year.
• Analyst sentiment remains favorable, with 17 Buy ratings, six Holds and one Sell; the stock has a “Moderate Buy” consensus rating and a $49.05 average price target.

Wellington Management Group LLP purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 732,435 shares of the technology company's stock, valued at approximately $30,733,000. Wellington Management Group LLP owned about 0.64% of Varonis Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRNS. Fideuram Asset Management Ireland dac acquired a new position in Varonis Systems in the 4th quarter valued at about $2,784,000. Quantinno Capital Management LP lifted its position in Varonis Systems by 59.0% during the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company's stock worth $1,650,000 after acquiring an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Varonis Systems by 218.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company's stock worth $30,262,000 after acquiring an additional 966,817 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of 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 during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Varonis Systems by 17.1% in the first quarter. Bank of New York Mellon Corp now owns 552,203 shares of the technology company's stock valued at $11,856,000 after purchasing an additional 80,743 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

Varonis Systems Price Performance

Varonis Systems stock opened at $46.09 on Friday. The firm has a market cap of $5.29 billion, a PE ratio of -37.47 and a beta of 0.82. 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 stock's fifty day moving average price is $43.87 and its two-hundred day moving average price is $32.95. Varonis Systems, Inc. has a one year low of $19.70 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million during 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 company's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, research analysts expect that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRNS. Weiss Ratings upgraded Varonis Systems from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 30th. Wells Fargo & Company increased their price objective on Varonis Systems from $35.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Wedbush reissued an "outperform" rating and set a $37.00 target price on shares of Varonis Systems in a report on Wednesday, June 24th. Needham & Company LLC boosted 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. Finally, KeyCorp initiated coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They issued a "sector weight" rating on the stock. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.05.

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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