Mackenzie Financial Corp Raises Holdings in Varonis Systems, Inc. $VRNS

Mackenzie Financial Corp raised its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 253.3% in the second quarter, Holdings Channel.com reports. The fund owned 84,611 shares of the technology company’s stock after buying an additional 60,664 shares during the quarter. Mackenzie Financial Corp’s holdings in Varonis Systems were worth $4,294,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VRNS. Bessemer Group Inc. lifted its stake in shares of Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Quarry LP raised its holdings in Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after buying an additional 261 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Varonis Systems during the first quarter valued at approximately $69,000. Evelyn Partners Investment Management LLP grew its stake in Varonis Systems by 13,746.2% during the second quarter. Evelyn Partners Investment Management LLP now owns 1,800 shares of the technology company’s stock worth $91,000 after buying an additional 1,787 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Varonis Systems in the second quarter worth $156,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Trading Down 1.3%

NASDAQ:VRNS opened at $31.11 on Friday. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -30.50 and a beta of 0.64. Varonis Systems, Inc. has a one year low of $30.34 and a one year high of $63.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50-day simple moving average is $46.03 and its 200 day simple moving average is $50.73.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The firm had revenue of $161.58 million during the quarter, compared to analyst estimates of $166.47 million. During the same quarter last year, the firm earned $0.10 EPS. Varonis Systems’s quarterly revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, sell-side analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VRNS. UBS Group reduced their target price on shares of Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Cantor Fitzgerald set a $60.00 price objective on Varonis Systems and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. DA Davidson lowered their target price on Varonis Systems from $55.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus target price 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.