Equinix, Inc. (EQIX) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,168 shares of the financial services provider’s stock after buying an additional 4,684 shares during the period. Sei Investments Co. owned 0.19% of Equinix worth $68,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Equinix by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,898,601 shares of the financial services provider’s stock worth $847,345,000 after buying an additional 6,178 shares during the period. Edgewood Management LLC lifted its holdings in shares of Equinix by 1.0% during the third quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock valued at $831,358,000 after purchasing an additional 18,248 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Equinix by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock valued at $666,367,000 after purchasing an additional 108,231 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Equinix by 7.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,382,606 shares of the financial services provider’s stock valued at $626,624,000 after purchasing an additional 93,181 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Equinix by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock valued at $487,600,000 after purchasing an additional 24,433 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

Equinix, Inc. (NASDAQ:EQIX) opened at $431.45 on Tuesday. Equinix, Inc. has a 1-year low of $361.90 and a 1-year high of $495.35. The firm has a market cap of $33,312.69, a P/E ratio of 23.95, a P/E/G ratio of 1.47 and a beta of 0.42. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11.

In related news, CEO Stephen M. Smith sold 10,706 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total value of $4,743,828.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total transaction of $95,874.00. Following the completion of the transaction, the insider now owns 1,125 shares of the company’s stock, valued at $539,291.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,713 shares of company stock valued at $11,057,354. 0.58% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Equinix from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a report on Monday, January 29th. BidaskClub lowered shares of Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Oppenheimer lifted their target price on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Credit Suisse Group set a $524.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Citigroup lifted their target price on shares of Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $504.29.

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About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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