Kornitzer Capital Management Inc. KS Cuts Stake in Varonis Systems, Inc. $VRNS

Kornitzer Capital Management Inc. KS lessened its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 32.3% during the first quarter, HoldingsChannel reports. The firm owned 122,139 shares of the technology company’s stock after selling 58,219 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Varonis Systems were worth $2,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of VRNS. Signaturefd LLC raised its holdings in shares of Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the period. Empowered Funds LLC purchased a new position in Varonis Systems in the 4th quarter worth approximately $37,000. Allworth Financial LP boosted its holdings in Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after acquiring an additional 463 shares during the period. First Horizon Corp grew its position in Varonis Systems by 121.7% in the fourth quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock valued at $57,000 after acquiring an additional 955 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Varonis Systems by 344.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $62,000 after acquiring an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Price Performance

VRNS opened at $44.53 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a 50-day moving average of $34.22 and a 200-day moving average of $29.46. The company has a market capitalization of $5.11 billion, a P/E ratio of -39.06 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s revenue for the quarter 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. Equities analysts expect that Varonis Systems, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VRNS shares. Royal Bank Of Canada boosted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wedbush reiterated an “outperform” rating and issued a $37.00 price objective on shares of Varonis Systems in a report on Wednesday, June 24th. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Barclays raised their target price on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company boosted their price target on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus price target of $42.15.

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.