Ieq Capital LLC Purchases Shares of 285,113 Varonis Systems, Inc. $VRNS

Ieq Capital LLC purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 285,113 shares of the technology company’s stock, valued at approximately $11,963,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new position in shares of Varonis Systems during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Varonis Systems in the 3rd quarter valued at approximately $68,000. EverSource Wealth Advisors LLC raised its position in Varonis Systems by 344.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $62,000 after buying an additional 940 shares during the last quarter. Advisory Services Network LLC bought a new stake in Varonis Systems in the 3rd quarter valued at approximately $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Varonis Systems in the 2nd quarter valued at approximately $55,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRNS has been the subject of several research reports. Royal Bank Of Canada raised their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $45.00 in a research report on Wednesday, June 24th. Robert W. Baird increased their target price on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Finally, TD Cowen raised their target price on shares of Varonis Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Seventeen investment 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 data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Stock Performance

VRNS opened at $41.23 on Friday. The business’s 50-day simple moving average is $42.15 and its 200 day simple moving average is $31.66. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $4.74 billion, a PE ratio of -33.52 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly 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 business’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. 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, sell-side analysts expect that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Varonis Systems 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.