Rhumbline Advisers Purchases 4,948 Shares of Varonis Systems, Inc. $VRNS

Rhumbline Advisers grew its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,932 shares of the technology company’s stock after acquiring an additional 4,948 shares during the quarter. Rhumbline Advisers owned 0.16% of Varonis Systems worth $9,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Voya Investment Management LLC boosted its holdings in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after purchasing an additional 1,152,687 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Varonis Systems by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after buying an additional 848,408 shares during the last quarter. RGM Capital LLC lifted its position in Varonis Systems by 45.5% during the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after buying an additional 846,475 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Varonis Systems by 319.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after buying an additional 740,114 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Varonis Systems during the 1st quarter worth about $28,871,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

VRNS opened at $32.26 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The business has a fifty day simple moving average of $47.64 and a 200 day simple moving average of $51.10. Varonis Systems, Inc. has a 1 year low of $30.34 and a 1 year high of $63.90. The company has a market capitalization of $3.80 billion, a PE ratio of -31.63 and a beta of 0.62.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $161.58 million for the quarter, compared to analysts’ expectations of $166.47 million. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on VRNS shares. B. Riley started coverage on Varonis Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $80.00 target price on the stock. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Barclays increased their price objective on Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Piper Sandler lowered their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, Citigroup cut their price target on shares of Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and an average price target of $59.79.

Varonis Systems Company 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.