Schwab Charles Investment Management Inc. Takes Position in Switch (SWCH)

Schwab Charles Investment Management Inc. acquired a new stake in shares of Switch (NYSE:SWCH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 81,669 shares of the company’s stock, valued at approximately $1,486,000.

Shares of Switch (NYSE:SWCH) opened at $15.22 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a 12 month low of $13.34 and a 12 month high of $24.90.

How to Become a New Pot Stock Millionaire

Several analysts have recently issued reports on the stock. Credit Suisse Group set a $22.00 price objective on shares of Switch and gave the company a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Switch from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, January 11th. Raymond James Financial raised shares of Switch from a “market perform” rating to an “outperform” rating in a research note on Monday, March 12th. Cowen assumed coverage on shares of Switch in a research note on Friday, January 19th. They set an “underweight” rating for the company. Finally, UBS raised shares of Switch from a “market perform” rating to an “outperform” rating in a research note on Monday, March 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Switch presently has an average rating of “Buy” and an average target price of $21.83.

ILLEGAL ACTIVITY WARNING: This story was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3301972/schwab-charles-investment-management-inc-takes-position-in-switch-swch.html.

About Switch

Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet.

Want to see what other hedge funds are holding SWCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Switch (NYSE:SWCH).

Institutional Ownership by Quarter for Switch (NYSE:SWCH)

Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Energous  Upgraded by BidaskClub to “Buy”
Energous Upgraded by BidaskClub to “Buy”
Precision Drilling  to Release Earnings on Thursday
Precision Drilling to Release Earnings on Thursday
CRISPR Therapeutics  Downgraded to “Buy” at BidaskClub
CRISPR Therapeutics Downgraded to “Buy” at BidaskClub
Biogen  Given New $0.00 Price Target at Piper Jaffray
Biogen Given New $0.00 Price Target at Piper Jaffray
Pioneer Natural Resources  Sets New 52-Week High and Low After Analyst Upgrade
Pioneer Natural Resources Sets New 52-Week High and Low After Analyst Upgrade
Sierra Bancorp  Given a $31.00 Price Target at Hovde Group
Sierra Bancorp Given a $31.00 Price Target at Hovde Group


© 2006-2018 Ticker Report. Google+.