Swiss National Bank Takes $10.56 Million Stake in Versant Corporation

The Swiss National Bank has acquired a significant stake in Versant Corporation (NASDAQ:VSNT), purchasing 285,300 shares worth approximately $10.56 million in the first quarter.

This move is not an isolated instance, as several other large investors have also bought into the company, including Principal Financial Group Inc., Bank of New York Mellon Corp, and Massachusetts Financial Services Co. MA.

Versant's stock performance has been mixed, with a twelve month high of $59.00 and a low of $27.17. The company has a market capitalization of $4.99 billion and a price-to-earnings ratio of 17.78.

Analysts have set various price targets for Versant, ranging from $40.00 to $46.00, with an average target price of $41.80.