Swiss National Bank Acquires Shares of 285,300 Versant Corporation $VSNT

Swiss National Bank bought a new position in Versant Corporation (NASDAQ:VSNT) during the first quarter, HoldingsChannel.com reports. The fund bought 285,300 shares of the company’s stock, valued at approximately $10,562,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSNT. California Public Employees Retirement System bought a new stake in shares of Versant during the first quarter worth $10,733,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Versant in the first quarter worth about $64,000. Aire Advisors LLC bought a new position in shares of Versant in the first quarter worth about $732,000. Assetmark Inc. purchased a new position in Versant in the 1st quarter worth about $90,000. Finally, Bessemer Group Inc. purchased a new position in Versant in the 1st quarter worth about $50,000.

Versant Price Performance

Shares of VSNT stock opened at $35.38 on Monday. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $38.73 and a two-hundred day simple moving average of $36.66. The stock has a market capitalization of $4.99 billion and a price-to-earnings ratio of 17.78.

Versant (NASDAQ:VSNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. On average, analysts predict that Versant Corporation will post 4.38 EPS for the current fiscal year.

Versant Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.375 per share. The ex-dividend date was Wednesday, July 1st. Versant’s dividend payout ratio is presently 75.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VSNT shares. The Goldman Sachs Group lifted their price objective on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Seaport Research Partners restated a “buy” rating and issued a $46.00 target price on shares of Versant in a research note on Monday, May 18th. Arete Research raised shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. began coverage on shares of Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target for the company. Finally, Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Versant has a consensus rating of “Hold” and a consensus price target of $41.80.

Versant Company Profile

Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.