Pictet Asset Management Holding SA Takes $844,000 Position in Versant Corporation $VSNT

Pictet Asset Management Holding SA bought a new position in shares of Versant Corporation (NASDAQ:VSNT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,788 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds have also recently modified their holdings of VSNT. AdvisorNet Financial Inc purchased a new position in Versant in the 1st quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Versant in the 1st quarter worth about $42,000. Sterling Capital Management LLC purchased a new stake in Versant during the 1st quarter worth approximately $53,000. Webster Bank N. A. purchased a new stake in Versant during the 1st quarter worth approximately $66,000. Finally, CENTRAL TRUST Co purchased a new stake in Versant during the 1st quarter worth approximately $103,000.

Versant Stock Performance

Shares of Versant stock opened at $36.00 on Thursday. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The stock has a market capitalization of $5.08 billion and a P/E ratio of 18.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. The stock’s 50 day moving average is $39.99.

Versant (NASDAQ:VSNT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The company 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 Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 1st. Versant’s payout ratio is currently 75.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VSNT. JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. Seaport Research Partners reiterated a “buy” rating and set a $46.00 price target on shares of Versant in a research report on Monday, May 18th. The Goldman Sachs Group increased their price objective on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.40.

Versant 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.