HighTower Advisors LLC Decreases Position in Equinix, Inc. (NASDAQ:EQIX)

HighTower Advisors LLC trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,203 shares of the financial services provider’s stock after selling 29 shares during the quarter. HighTower Advisors LLC’s holdings in Equinix were worth $15,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Equinix by 1.4% in the 2nd quarter. State Street Corp now owns 6,118,844 shares of the financial services provider’s stock worth $4,796,807,000 after buying an additional 85,286 shares in the last quarter. Geode Capital Management LLC boosted its stake in Equinix by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,071,979 shares of the financial services provider’s stock valued at $1,620,227,000 after purchasing an additional 67,971 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after purchasing an additional 431,435 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Equinix by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,418 shares of the financial services provider’s stock valued at $1,013,957,000 after purchasing an additional 20,563 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Equinix by 6,589.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,228,384 shares of the financial services provider’s stock valued at $14,732,000 after purchasing an additional 1,210,021 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQIX. TheStreet raised Equinix from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th. Barclays increased their price objective on Equinix from $720.00 to $788.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. HSBC began coverage on Equinix in a research report on Friday, December 1st. They set a “buy” rating and a $875.00 price objective for the company. Morgan Stanley reduced their target price on Equinix from $785.00 to $767.00 and set an “equal weight” rating for the company in a report on Friday, December 8th. Finally, Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average price target of $839.67.

View Our Latest Stock Report on Equinix

Equinix Stock Down 0.7 %

EQIX stock opened at $849.98 on Tuesday. Equinix, Inc. has a twelve month low of $661.66 and a twelve month high of $859.72. The company has a market cap of $79.80 billion, a PE ratio of 91.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The business’s 50-day simple moving average is $812.94 and its 200 day simple moving average is $778.20. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.32.

Insider Buying and Selling

In related news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the sale, the chief executive officer now directly owns 16,360 shares of the company’s stock, valued at $13,090,944.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Equinix news, insider Michael Earl Campbell sold 600 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $780.66, for a total transaction of $468,396.00. Following the completion of the transaction, the insider now owns 12,081 shares in the company, valued at $9,431,153.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles J. Meyers sold 7,174 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the transaction, the chief executive officer now owns 16,360 shares of the company’s stock, valued at approximately $13,090,944.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,274 shares of company stock valued at $13,041,707 over the last three months. 0.32% of the stock is owned by corporate insiders.

Equinix Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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