Pictet Asset Management Holding SA Has $67.03 Million Stake in Varonis Systems, Inc. $VRNS

Pictet Asset Management Holding SA grew its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 43.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,123,056 shares of the technology company’s stock after acquiring an additional 944,676 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Varonis Systems were worth $67,029,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems in the 1st quarter valued at approximately $233,000. Caxton Associates LLP acquired a new position in Varonis Systems during the first quarter valued at approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after purchasing an additional 64,636 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after purchasing an additional 628 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Varonis Systems by 8.6% in the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after purchasing an additional 7,618 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VRNS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Varonis Systems in a research report on Monday, May 4th. Barclays raised their price objective on Varonis Systems from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. KeyCorp started coverage on Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada increased their price target on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $42.15.

Varonis Systems Stock Down 0.2%

Shares of VRNS stock opened at $40.21 on Tuesday. The firm has a fifty day moving average of $30.79 and a 200-day moving average of $28.78. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. Varonis Systems, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -35.27 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The firm’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. As a group, equities research analysts predict that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal year.

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.