California State Teachers Retirement System Takes $6.39 Million Position in Versant Corporation $VSNT

California State Teachers Retirement System acquired a new stake in shares of Versant Corporation (NASDAQ:VSNT) during the first quarter, Holdings Channel reports. The firm acquired 172,667 shares of the company’s stock, valued at approximately $6,392,000.

A number of other institutional investors have also recently added to or reduced their stakes in VSNT. Hsbc Holdings PLC acquired a new position in shares of Versant in the 1st quarter worth approximately $6,518,000. Principal Financial Group Inc. acquired a new stake in Versant during the first quarter valued at approximately $26,331,000. Oregon Public Employees Retirement Fund bought a new stake in Versant during the first quarter worth approximately $1,230,000. Sequoia Financial Advisors LLC bought a new stake in shares of Versant during the 1st quarter worth $1,043,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Versant in the 4th quarter worth $24,134,000.

Versant Stock Performance

Shares of NASDAQ VSNT opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The business’s 50-day moving average price is $37.74 and its two-hundred day moving average price is $36.78. The company has a market capitalization of $5.05 billion and a P/E ratio of 17.98.

Versant (NASDAQ:VSNT) last posted its quarterly earnings results 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 firm had revenue of $1.69 billion for the quarter. Analysts anticipate that Versant Corporation will post 4.38 earnings per share for the current fiscal year.

Versant Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VSNT. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 target price on shares of Versant in a research report on Monday, May 18th. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. JPMorgan Chase & Co. started coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.