Swiss National Bank Purchases Shares of 105,200 Cyxtera Technologies, Inc. (NASDAQ:CYXT)

Swiss National Bank purchased a new stake in shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) in the second quarter, Holdings Channel.com reports. The firm purchased 105,200 shares of the company’s stock, valued at approximately $1,193,000.

A number of other hedge funds have also added to or reduced their stakes in CYXT. Strs Ohio purchased a new position in shares of Cyxtera Technologies in the 2nd quarter worth approximately $112,000. Arizona State Retirement System purchased a new position in shares of Cyxtera Technologies in the 2nd quarter worth approximately $137,000. Citigroup Inc. purchased a new position in shares of Cyxtera Technologies in the 1st quarter worth approximately $147,000. Privium Fund Management BV purchased a new position in shares of Cyxtera Technologies in the 1st quarter worth approximately $152,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Cyxtera Technologies in the 1st quarter worth approximately $153,000.

Cyxtera Technologies Trading Up 6.1 %

Shares of CYXT stock opened at $2.08 on Friday. The company’s fifty day simple moving average is $2.77 and its two-hundred day simple moving average is $7.99. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.46 and a quick ratio of 0.46. Cyxtera Technologies, Inc. has a 1 year low of $1.68 and a 1 year high of $15.42. The stock has a market capitalization of $373.61 million, a price-to-earnings ratio of -1.72 and a beta of 1.07.

Wall Street Analysts Forecast Growth

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A number of equity analysts have recently weighed in on the company. Truist Financial cut their target price on Cyxtera Technologies from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, September 20th. Citigroup lowered their price target on shares of Cyxtera Technologies from $13.00 to $2.75 and set a “buy” rating on the stock in a report on Thursday. Credit Suisse Group lowered their price target on shares of Cyxtera Technologies to $6.00 in a report on Thursday, October 13th. UBS Group lowered their price target on shares of Cyxtera Technologies from $14.00 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Finally, Raymond James lowered their price target on shares of Cyxtera Technologies from $13.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.39.

Cyxtera Technologies Profile

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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.

See Also

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Institutional Ownership by Quarter for Cyxtera Technologies (NASDAQ:CYXT)

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