Y Intercept Hong Kong Ltd purchased a new stake in Versant Corporation (NASDAQ:VSNT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 65,974 shares of the company’s stock, valued at approximately $2,442,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in Versant during the 4th quarter valued at about $24,134,000. Janney Montgomery Scott LLC grew its position in shares of Versant by 3,591.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock worth $6,157,000 after buying an additional 161,803 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Versant during the fourth quarter worth approximately $3,460,000. SG Americas Securities LLC bought a new stake in shares of Versant during the first quarter worth approximately $2,813,000. Finally, Strs Ohio acquired a new position in Versant in the first quarter valued at approximately $2,512,000.
Versant Trading Up 0.5%
NASDAQ:VSNT opened at $37.39 on Wednesday. Versant Corporation has a 1 year low of $27.17 and a 1 year high of $59.00. The firm has a 50-day simple moving average of $40.07. The firm has a market capitalization of $5.28 billion and a PE ratio of 18.79. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35.
Versant Dividend Announcement
The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s payout ratio is presently 75.38%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price for the company. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research lowered Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. Finally, The Goldman Sachs Group increased their target price on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.40.
Get Our Latest Report on Versant
About Versant
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.
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