Deutsche Bank AG acquired a new position in Switch (NYSE:SWCH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,227,567 shares of the company’s stock, valued at approximately $22,327,000. Deutsche Bank AG owned approximately 0.49% of Switch at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new position in Switch in the 4th quarter worth about $121,000. FNY Managed Accounts LLC acquired a new position in Switch in the 4th quarter worth about $181,000. California Public Employees Retirement System acquired a new position in Switch in the 4th quarter worth about $273,000. Quadrature Capital Ltd acquired a new position in Switch in the 4th quarter worth about $301,000. Finally, Advisory Research Inc. acquired a new position in Switch in the 4th quarter worth about $305,000. 14.07% of the stock is owned by hedge funds and other institutional investors.
Switch (NYSE SWCH) opened at $15.76 on Friday. 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 fifty-two week low of $13.34 and a fifty-two week high of $24.90.
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Switch Company Profile
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.
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