Cohen Klingenstein LLC Invests $816,000 in Versant Corporation $VSNT

Cohen Klingenstein LLC purchased a new position in shares of Versant Corporation (NASDAQ:VSNT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,044 shares of the company’s stock, valued at approximately $816,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSNT. Barclays PLC acquired a new position in Versant in the 4th quarter valued at approximately $112,000. Janney Montgomery Scott LLC purchased a new stake in Versant in the 4th quarter worth approximately $203,000. HBK Sorce Advisory LLC acquired a new stake in shares of Versant during the 4th quarter valued at $646,000. Cheviot Value Management LLC acquired a new stake in shares of Versant during the 4th quarter valued at $795,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Versant during the 4th quarter valued at $3,460,000.

Analyst Upgrades and Downgrades

VSNT has been the topic of several research analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target on the stock. The Goldman Sachs Group increased their price objective on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. 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 Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, TD Cowen began coverage on Versant in a research report on Monday, March 2nd. They issued a “hold” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.40.

Versant Stock Performance

Shares of VSNT opened at $38.21 on Friday. The company has a market capitalization of $5.39 billion and a price-to-earnings ratio of 19.20. The company’s 50 day simple moving average is $40.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00.

Versant (NASDAQ:VSNT) last posted its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. On average, sell-side analysts anticipate that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Announces Dividend

The firm 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 dividend payout ratio (DPR) is currently 75.38%.

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.