Cutter & CO Brokerage Inc. increased its position in shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) by 1.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 249,515 shares of the company’s stock after purchasing an additional 3,940 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Cyxtera Technologies were worth $3,146,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CYXT. Royal Bank of Canada acquired a new position in Cyxtera Technologies during the third quarter worth $92,000. People s United Financial Inc. acquired a new position in Cyxtera Technologies during the third quarter worth $100,000. Penserra Capital Management LLC acquired a new position in Cyxtera Technologies during the third quarter worth $103,000. Morgan Stanley acquired a new position in Cyxtera Technologies during the third quarter worth $110,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cyxtera Technologies in the third quarter valued at $121,000.
CYXT stock traded up $0.76 during trading on Thursday, reaching $11.54. 530,982 shares of the company were exchanged, compared to its average volume of 372,056. The company has a 50-day moving average of $12.16 and a two-hundred day moving average of $11.47. Cyxtera Technologies, Inc. has a twelve month low of $7.51 and a twelve month high of $13.88. The company has a debt-to-equity ratio of 3.03, a current ratio of 0.44 and a quick ratio of 0.44.
CYXT has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Cyxtera Technologies in a report on Thursday, April 7th. They issued an “outperform” rating and a $15.00 price objective on the stock. Raymond James upped their price objective on shares of Cyxtera Technologies from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, March 23rd. Royal Bank of Canada upped their price objective on shares of Cyxtera Technologies from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. William Blair reiterated an “outperform” rating on shares of Cyxtera Technologies in a report on Friday, January 28th. Finally, Zacks Investment Research cut shares of Cyxtera Technologies from a “hold” rating to a “sell” rating in a research report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $13.83.
Cyxtera Technologies Profile (Get Rating)
Cyxtera Technologies, Inc provides various data center products and services for enterprises, service providers, and government agencies. It offers retail colocation, interconnection, deployment, and support services; and Bare Metal, an on-demand IT infrastructure solution. The company is headquartered in Coral Gables, Florida.
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