21Vianet Group, Inc. (NASDAQ:VNET) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday. The brokerage presently has a $9.50 price target on the information technology services provider’s stock, up from their previous price target of $6.30. Morgan Stanley’s target price would suggest a potential upside of 38.48% from the stock’s previous close.

Separately, BidaskClub raised shares of 21Vianet Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th.

21Vianet Group (NASDAQ VNET) traded up 2.04% on Wednesday, hitting $7.00. 681,668 shares of the stock traded hands. The firm’s market capitalization is $787.50 million. 21Vianet Group has a 52 week low of $4.17 and a 52 week high of $8.52. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $5.25.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in VNET. Profund Advisors LLC lifted its position in shares of 21Vianet Group by 42.7% during the second quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock valued at $105,000 after purchasing an additional 6,283 shares in the last quarter. UBS Group AG lifted its position in shares of 21Vianet Group by 874.9% during the first quarter. UBS Group AG now owns 19,323 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 17,341 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in 21Vianet Group by 70.3% during the first quarter. Dynamic Technology Lab Private Ltd now owns 21,037 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 8,686 shares during the last quarter. Aperio Group LLC lifted its position in 21Vianet Group by 119.2% during the second quarter. Aperio Group LLC now owns 26,489 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 14,403 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in 21Vianet Group by 8.1% during the first quarter. Public Employees Retirement System of Ohio now owns 25,300 shares of the information technology services provider’s stock valued at $139,000 after purchasing an additional 1,900 shares during the last quarter. 19.74% of the stock is currently owned by institutional investors.

21Vianet Group Company Profile

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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