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

Pictet Asset Management Holding SA boosted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 43.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,123,056 shares of the technology company’s stock after purchasing an additional 944,676 shares during the period. Pictet Asset Management Holding SA owned about 2.66% of Varonis Systems worth $67,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Varonis Systems by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after acquiring an additional 822,925 shares during the last quarter. First Trust Advisors LP grew its position in Varonis Systems by 40.6% during the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares during the last quarter. RGM Capital LLC grew its position in Varonis Systems by 17.1% during the 4th quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock worth $103,651,000 after acquiring an additional 460,580 shares during the last quarter. Geode Capital Management LLC increased its holdings in Varonis Systems by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 151,961 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Varonis Systems by 12.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,544,180 shares of the technology company’s stock valued at $83,449,000 after purchasing an additional 273,781 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Trading Down 0.2%

VRNS stock opened at $40.21 on Tuesday. 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 twelve month low of $19.70 and a twelve month high of $63.90. The company has a market cap of $4.62 billion, a P/E ratio of -35.27 and a beta of 0.89. The business has a fifty day moving average of $30.79 and a 200-day moving average of $28.78.

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

Wall Street Analyst Weigh In

VRNS has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Needham & Company LLC upped their price target on shares of Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company increased their price objective on shares of Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.