Versant Corporation $VSNT Shares Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its Versant stake by 12.4% in the second quarter, acquiring 49,671 additional shares and bringing its holdings to 450,796 shares valued at approximately $16.2 million.
• Several major institutions also initiated or expanded positions in Versant, including Dimensional Fund Advisors, Principal Financial Group, Bank of America, Bank of New York Mellon, and HSBC, which increased its stake by 154.1%.
• Analysts remain broadly cautious, with one Buy rating and seven Holds, producing a consensus “Hold” rating and a $43.20 price target. Versant recently beat quarterly earnings expectations, reporting $1.49 in EPS versus the $1.39 consensus estimate.

Alyeska Investment Group L.P. grew its stake in Versant Corporation (NASDAQ:VSNT - Free Report) by 12.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 450,796 shares of the company's stock after buying an additional 49,671 shares during the quarter. Alyeska Investment Group L.P. owned 0.32% of Versant worth $16,233,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VSNT. Dimensional Fund Advisors LP purchased a new stake in shares of Versant in the 1st quarter valued at approximately $41,747,000. Principal Financial Group Inc. acquired a new stake in shares of Versant in the 1st quarter valued at $26,331,000. Bank of America Corp DE purchased a new stake in shares of Versant during the 1st quarter worth $25,317,000. Bank of New York Mellon Corp purchased a new stake in shares of Versant during the 1st quarter worth $24,475,000. Finally, Hsbc Holdings PLC lifted its position in shares of Versant by 154.1% during the 2nd quarter. Hsbc Holdings PLC now owns 443,145 shares of the company's stock worth $16,079,000 after purchasing an additional 268,740 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on VSNT. Arete Research upgraded Versant from a "sell" rating to a "neutral" rating and set a $40.00 price target on the stock in a research note on Friday, July 17th. JPMorgan Chase & Co. began coverage on Versant in a report on Tuesday, May 12th. They issued a "neutral" rating and a $43.00 price objective on the stock. Zacks Research lowered Versant from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings upgraded Versant from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, TD Cowen boosted their target price on Versant from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.20.

Versant Stock Performance

Shares of VSNT stock opened at $41.12 on Tuesday. The stock's 50-day moving average is $37.31 and its two-hundred day moving average is $37.68. The firm has a market cap of $5.71 billion and a price-to-earnings ratio of 11.82. Versant Corporation has a 1 year low of $27.17 and a 1 year high of $59.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38.

Versant (NASDAQ:VSNT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. Analysts predict that Versant Corporation will post 4.04 earnings per share for the current 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.

Want to see what other hedge funds are holding VSNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Versant Corporation (NASDAQ:VSNT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source