CynergisTek (CTEK) Upgraded at Zacks Investment Research

CynergisTek (NYSEAMERICAN:CTEK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $5.25 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.41% from the stock’s current price.

According to Zacks, “CynergisTek, Inc. provides cyber security and information management consulting in healthcare industry. It specializes in privacy, security, compliance and document management. The company’s service includes risk assessment, technical security, baseline security, information security program assessment, print security, vulnerability, architecture, penetration testing, social engineering and phishing and riskSonar assessment tool. CynergisTek Inc., formerly known as Auxilio, Inc., is headquartered in Mission Viejo, CA. “

CynergisTek stock traded down $0.14 during mid-day trading on Monday, reaching $4.51. The company’s stock had a trading volume of 13,900 shares, compared to its average volume of 12,761. CynergisTek has a 12 month low of $3.23 and a 12 month high of $5.43.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of CynergisTek in the 4th quarter valued at about $27,000. Csenge Advisory Group bought a new position in shares of CynergisTek in the 3rd quarter valued at about $62,000. ClariVest Asset Management LLC bought a new position in shares of CynergisTek in the 4th quarter valued at about $71,000. Essex Investment Management Co. LLC bought a new position in shares of CynergisTek in the 4th quarter valued at about $181,000. Finally, Vanguard Group Inc grew its position in shares of CynergisTek by 30.2% in the 3rd quarter. Vanguard Group Inc now owns 98,036 shares of the company’s stock valued at $377,000 after acquiring an additional 22,722 shares during the period.

About CynergisTek

Cynergistek, Inc provides outsourced document solutions, IT consulting data security, and managed print services primarily to the healthcare industry in the United States. The company offers Incident Response, Vendor Security Management, and Patient Privacy Monitoring Service, as well as Compliance Assist Partner Program.

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