Swedbank AB Has $18.87 Million Position in Varonis Systems, Inc. $VRNS

Swedbank AB grew its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 363.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328,309 shares of the technology company’s stock after acquiring an additional 257,409 shares during the quarter. Swedbank AB owned 0.29% of Varonis Systems worth $18,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Varonis Systems by 1,062.6% in the third quarter. Farther Finance Advisors LLC now owns 1,058 shares of the technology company’s stock valued at $61,000 after purchasing an additional 967 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Varonis Systems by 28.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 71,699 shares of the technology company’s stock valued at $4,121,000 after buying an additional 15,976 shares in the last quarter. Brighton Jones LLC acquired a new stake in Varonis Systems during the 3rd quarter worth $268,000. Harbour Capital Advisors LLC bought a new position in Varonis Systems during the third quarter worth about $584,000. Finally, Assenagon Asset Management S.A. acquired a new position in Varonis Systems in the third quarter valued at about $9,496,000. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRNS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Zacks Research upgraded shares of Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Susquehanna dropped their price objective on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, October 29th. Finally, Citigroup reduced their target price 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 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.79.

Varonis Systems Stock Up 0.4%

Varonis Systems stock opened at $33.58 on Friday. The company has a market cap of $3.96 billion, a P/E ratio of -32.92 and a beta of 0.64. Varonis Systems, Inc. has a 1-year low of $30.02 and a 1-year high of $63.90. The company has a fifty day simple moving average of $37.27 and a 200 day simple moving average of $49.04. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 EPS 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 net margin of 18.82% and a negative return on equity of 21.91%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Research analysts anticipate that Varonis Systems, Inc. will post -0.83 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.