21Vianet Group (NASDAQ:VNET) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
VNET has been the subject of a number of other research reports. Morgan Stanley upgraded 21Vianet Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th. BidaskClub upgraded 21Vianet Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th.
21Vianet Group (NASDAQ VNET) traded down $0.11 during trading hours on Wednesday, reaching $6.89. The company’s stock had a trading volume of 1,045,535 shares, compared to its average volume of 534,380. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.10 and a quick ratio of 1.10. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $8.52.
Several hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of 21Vianet Group by 37.6% in the third quarter. California Public Employees Retirement System now owns 160,196 shares of the information technology services provider’s stock valued at $912,000 after buying an additional 43,796 shares in the last quarter. Dimensional Fund Advisors LP increased its position in 21Vianet Group by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,084,143 shares of the information technology services provider’s stock worth $6,167,000 after purchasing an additional 65,275 shares in the last quarter. Westpac Banking Corp purchased a new stake in 21Vianet Group during the 3rd quarter worth about $426,000. Penserra Capital Management LLC increased its position in 21Vianet Group by 74.9% during the 3rd quarter. Penserra Capital Management LLC now owns 136,843 shares of the information technology services provider’s stock worth $778,000 after purchasing an additional 58,608 shares in the last quarter. Finally, Pictet Asset Management Ltd. purchased a new stake in 21Vianet Group during the 3rd quarter worth about $262,000. Institutional investors and hedge funds own 19.53% of the company’s stock.
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About 21Vianet Group
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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