117,144 Shares in Versant Corporation $VSNT Acquired by Boussard & Gavaudan Gestion Sas

Key Points

• Boussard & Gavaudan Gestion Sas acquired 117,144 Versant shares in the second quarter, valued at approximately $4.2 million and representing about 0.08% of the company. Several other institutional investors also initiated positions.
• Analyst sentiment remains cautious: one analyst rates Versant a Buy while seven rate it Hold, resulting in a consensus Hold rating and a $43.20 average price target.
• Versant shares recently opened at $41.02, with a market capitalization of $5.69 billion. The company reported quarterly EPS of $1.49, exceeding the $1.39 consensus estimate, on revenue of $1.64 billion.

Boussard & Gavaudan Gestion Sas bought a new stake in Versant Corporation (NASDAQ:VSNT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 117,144 shares of the company's stock, valued at approximately $4,198,000. Boussard & Gavaudan Gestion Sas owned about 0.08% of Versant as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new stake in shares of Versant in the 2nd quarter valued at approximately $1,350,000. Mirador Capital Partners LP purchased a new stake in shares of Versant during the 2nd quarter worth $759,000. GAMMA Investing LLC purchased a new stake in shares of Versant during the 2nd quarter worth $129,000. Central Pacific Bank Trust Division acquired a new position in shares of Versant during the second quarter worth $282,000. Finally, Grove Bank & Trust purchased a new position in Versant in the second quarter valued at $566,000.

Analyst Ratings Changes

VSNT has been the subject of several research analyst reports. 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 report on Thursday, May 14th. Zacks Research cut shares of Versant from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Seaport Research Partners reissued a "buy" rating and set a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Versant from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, TD Cowen upped their target price on shares of Versant from $35.00 to $39.00 and gave the company a "hold" rating in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Versant presently has a consensus rating of "Hold" and a consensus price target of $43.20.

Versant Price Performance

Shares of NASDAQ VSNT opened at $41.02 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.35. The company's 50-day moving average price is $37.25 and its 200 day moving average price is $37.54. Versant Corporation has a 52 week low of $27.17 and a 52 week high of $59.00. The stock has a market cap of $5.69 billion and a price-to-earnings ratio of 11.79.

Versant (NASDAQ:VSNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.10. The business had revenue of $1.64 billion during the quarter. As a group, research analysts forecast that Versant Corporation will post 4.04 earnings per share for the current fiscal year.

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.

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