Strs Ohio increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,617 shares of the financial services provider’s stock after purchasing an additional 2,479 shares during the period. Strs Ohio owned 0.22% of Equinix worth $78,233,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurion Capital Management LP bought a new stake in Equinix in the 2nd quarter worth approximately $472,000. PNC Financial Services Group Inc. increased its stake in Equinix by 14.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,719 shares of the financial services provider’s stock worth $3,741,000 after acquiring an additional 1,115 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Equinix by 1.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 9,521 shares of the financial services provider’s stock valued at $4,086,000 after purchasing an additional 130 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Equinix by 0.6% during the 2nd quarter. Lazard Asset Management LLC now owns 10,268 shares of the financial services provider’s stock valued at $4,406,000 after purchasing an additional 62 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its position in shares of Equinix by 56.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 380 shares during the last quarter. 93.85% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on EQIX shares. Barclays raised Equinix from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. UBS Group assumed coverage on Equinix in a report on Wednesday, October 18th. They set a “neutral” rating for the company. Deutsche Bank started coverage on Equinix in a report on Tuesday, October 24th. They set a “buy” rating and a $550.00 price objective for the company. JPMorgan Chase & Co. upgraded Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 target price for the company in a report on Thursday, November 2nd. Finally, Citigroup upped their target price on Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $504.29.
In related news, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $476.81, for a total value of $953,620.00. Following the completion of the sale, the chief financial officer now owns 27,996 shares of the company’s stock, valued at $13,348,772.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $462.43, for a total value of $92,486.00. Following the sale, the insider now directly owns 925 shares of the company’s stock, valued at approximately $427,747.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,513 shares of company stock worth $10,961,480. Company insiders own 0.58% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) opened at $435.83 on Thursday. The firm has a market capitalization of $34,130.00, a P/E ratio of 141.50, a PEG ratio of 1.49 and a beta of 0.42. Equinix, Inc. has a 1 year low of $361.90 and a 1 year high of $495.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11.
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Equinix Company Profile
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.
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