Park Avenue Securities LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,898 shares of the financial services provider’s stock after buying an additional 178 shares during the quarter. Park Avenue Securities LLC’s holdings in Equinix were worth $1,790,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Inspire Trust Co. N.A. raised its holdings in shares of Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 11 shares during the last quarter. GS Investments Inc. boosted its position in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after purchasing an additional 12 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Finally, Grove Bank & Trust lifted its position in Equinix by 8.1% during the third quarter. Grove Bank & Trust now owns 186 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 14 shares during the period. Institutional investors own 94.94% of the company’s stock.
Equinix Stock Down 0.5 %
Equinix stock opened at $915.59 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day simple moving average is $941.64 and its two-hundred day simple moving average is $875.87. The company has a market cap of $88.35 billion, a PE ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.
Equinix Announces Dividend
Insider Buying and Selling
In other news, CFO Keith D. Taylor sold 3,184 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now directly owns 22,076 shares in the company, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 1,726 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,412 shares of company stock valued at $18,826,100. 0.27% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have commented on EQIX shares. Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their target price on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and increased their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Finally, BMO Capital Markets increased their price target on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix has an average rating of “Moderate Buy” and an average target price of $976.81.
Read Our Latest Analysis on Equinix
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
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