Investec Asset Management LTD raised its stake in CyrusOne Inc (NASDAQ:CONE) by 20.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,639 shares of the company’s stock after buying an additional 4,170 shares during the period. Investec Asset Management LTD’s holdings in CyrusOne were worth $1,102,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CONE. Laurion Capital Management LP acquired a new stake in CyrusOne during the second quarter valued at approximately $8,527,000. Waterfront Capital Partners LLC acquired a new stake in CyrusOne during the second quarter valued at approximately $18,272,000. RWC Asset Management LLP acquired a new stake in CyrusOne during the second quarter valued at approximately $7,319,000. Miles Capital Inc. increased its stake in CyrusOne by 10.9% in the second quarter. Miles Capital Inc. now owns 8,108 shares of the company’s stock valued at $451,000 after buying an additional 797 shares in the last quarter. Finally, Cleararc Capital Inc. acquired a new stake in CyrusOne during the second quarter valued at approximately $2,340,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded down 0.36% on Friday, hitting $47.16. 169,678 shares of the stock were exchanged. The company has a 50 day moving average of $48.24 and a 200 day moving average of $47.19. CyrusOne Inc has a 52-week low of $36.00 and a 52-week high of $57.00. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 200.68 and a beta of 0.82.
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Several research firms recently commented on CONE. Citigroup Inc. downgraded shares of CyrusOne from a “neutral” rating to a “sell” rating and set a $43.00 target price on the stock. in a research report on Wednesday, January 25th. Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Friday, January 6th. Deutsche Bank AG reiterated a “buy” rating and set a $59.00 target price (up from $57.00) on shares of CyrusOne in a research report on Tuesday, November 1st. Jefferies Group LLC set a $55.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research report on Friday, November 25th. Finally, Guggenheim started coverage on shares of CyrusOne in a research report on Thursday, December 1st. They issued a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $54.42.
In related news, insider Venkatesh S. Durvasula sold 6,737 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $44.51, for a total value of $299,863.87. Following the transaction, the insider now directly owns 283,081 shares in the company, valued at $12,599,935.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond.
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