Legal & General Group Plc Sells 381,762 Shares of Varonis Systems, Inc. $VRNS

Legal & General Group Plc decreased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 374,037 shares of the technology company’s stock after selling 381,762 shares during the quarter. Legal & General Group Plc owned about 0.32% of Varonis Systems worth $12,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of Varonis Systems by 0.9% during the third quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock worth $1,903,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC lifted its position in Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares during the last quarter. Savant Capital LLC lifted its position in Varonis Systems by 1.7% during the third quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 339 shares during the last quarter. CI Investments Inc. lifted its position in Varonis Systems by 48.5% during the third quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after purchasing an additional 343 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Varonis Systems by 28.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,561 shares of the technology company’s stock valued at $90,000 after purchasing an additional 348 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRNS shares. Wells Fargo & Company increased their price objective on shares of Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. B. Riley Financial lowered their price objective on shares of Varonis Systems from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wedbush increased their price objective on shares of Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Barclays increased their price objective on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.35.

Varonis Systems Trading Down 6.6%

Shares of VRNS opened at $33.51 on Thursday. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $63.90. The company has a market cap of $3.85 billion, a P/E ratio of -29.39 and a beta of 0.89. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $26.29 and its 200-day simple moving average is $28.46.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The business 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% on a year-over-year basis. 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, analysts expect that Varonis Systems, Inc. will post -1.04 EPS for the current year.

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.