Institutional investors have been actively buying and selling shares of Cyxtera Technologies, with Alliancebernstein and State of Wyoming among those increasing their holdings. The company provides data center products and services for enterprises, service providers, and government agencies. Institutional ownership of the stock is currently at 15.12%, with 63 institutions holding shares in the company.
Meanwhile, equities researchers at Credit Suisse Group have lowered their price objective for Cyxtera Technologies from $5.00 to $4.00. Other research reports indicate that two equities research analysts have rated the stock as a sell and one holding a hold rating, while five have given a buy rating. The consensus target price of the stock is $6.22.
Cyxtera Technologies opened at $1.39 on Friday, with a 12-month low of $1.32 and a high of $15.42. The company’s market capitalization is $249.67 million, with a price-to-earnings ratio of -1.15 and a beta of 1.46. It has a current ratio and quick ratio of 0.46 and a debt-to-equity ratio of 3.41. The stock has a fifty-day moving average of $2.39 and a 200-day moving average of $2.78.
Cyxtera Technologies price target lowered by Credit Suisse Group
Equities researchers at Credit Suisse Group have lowered their price objective for Cyxtera Technologies (NASDAQ:CYXT – Get Rating) from $5.00 to $4.00, according to a report by Benzinga. The report also indicates that the stock has been the subject of various other research reports, with two equities research analysts rating the stock as a sell and one holding a hold rating, while five have given a buy rating. The consensus target price of the stock is $6.22, according to MarketBeat.com data.
Cyxtera Technologies 12-month high and low
On Friday, CYXT opened at $1.39, with a 12-month low of $1.32 and a high of $15.42. The company’s market capitalization is $249.67 million, with a price-to-earnings ratio of -1.15 and a beta of 1.46. It has a current ratio and quick ratio of 0.46 and a debt-to-equity ratio of 3.41. The stock has a fifty-day moving average of $2.39 and a 200-day moving average of $2.78.
Institutional Trading of Cyxtera Technologies
No information was provided in the original text regarding the institutional trading of Cyxtera Technologies.
Institutional investors have been active in buying and selling shares of Cyxtera Technologies, according to recent reports. Alliancebernstein L.P. boosted its holdings in the company by 48.0% in the fourth quarter and now owns 58,500 shares valued at $112,000 after purchasing an additional 18,982 shares in the last quarter. State of Wyoming also increased its holdings in shares of Cyxtera Technologies by 4,209.1% in the 4th quarter and now owns 90,276 shares valued at $173,000 after acquiring an additional 88,181 shares during the period.
Other institutional investors include CI Private Wealth LLC, which purchased a new stake in Cyxtera Technologies in the 4th quarter valued at $57,000. Jane Street Group LLC boosted its stake in the company by 199.5% during the 4th quarter and now owns 37,744 shares worth $72,000 after purchasing an additional 25,143 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in Cyxtera Technologies by 34.9% during the 4th quarter and now owns 56,800 shares worth $109,000 after purchasing an additional 14,700 shares during the period.
About Cyxtera Technologies
Cyxtera Technologies, Inc is a Florida-based company that provides various data center products and services for enterprises, service providers, and government agencies. These include retail colocation, interconnection, deployment, and support services, as well as on-demand IT infrastructure solutions through Bare Metal.
According to MarketBeat.com, the stock’s institutional ownership is 15.12%, with 63 institutions holding shares in the company.
Don’t miss interesting posts on Famousbio
