Cibc World Market Inc. increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,533 shares of the financial services provider’s stock after purchasing an additional 1,277 shares during the quarter. Cibc World Market Inc.’s holdings in Equinix were worth $21,246,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after acquiring an additional 813,666 shares during the period. Pathway Financial Advisers LLC lifted its position in Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after purchasing an additional 398,494 shares during the period. Adelante Capital Management LLC boosted its holdings in Equinix by 202.3% in the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after purchasing an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. increased its position in Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after purchasing an additional 203,656 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Equinix by 200.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 149,274 shares of the financial services provider’s stock worth $132,500,000 after buying an additional 99,577 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on EQIX. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Evercore ISI increased their price target on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial boosted their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, Scotiabank increased their target price on shares of Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $997.53.
Get Our Latest Stock Report on Equinix
In other news, Chairman Charles J. Meyers sold 5,788 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the transaction, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kurt Pletcher sold 222 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now owns 1,015 shares of the company’s stock, valued at approximately $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,823 shares of company stock valued at $16,474,442 over the last 90 days. Insiders own 0.27% of the company’s stock.
EQIX stock traded down $8.47 during trading on Friday, hitting $913.66. The stock had a trading volume of 651,953 shares, compared to its average volume of 487,287. The stock has a market cap of $88.16 billion, a price-to-earnings ratio of 82.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73. 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 company’s 50 day moving average price is $943.26 and its two-hundred day moving average price is $886.74. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.
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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