Samalin Investment Counsel LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 219 shares of the financial services provider’s stock, valued at approximately $162,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. HHM Wealth Advisors LLC bought a new stake in Equinix in the first quarter worth $32,000. Covestor Ltd bought a new stake in Equinix in the fourth quarter worth $36,000. Financial Management Professionals Inc. lifted its holdings in shares of Equinix by 300.0% during the first quarter. Financial Management Professionals Inc. now owns 48 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 36 shares in the last quarter. Rational Advisors LLC lifted its holdings in shares of Equinix by 72.4% during the first quarter. Rational Advisors LLC now owns 50 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 21 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new position in shares of Equinix during the first quarter valued at $39,000. 93.82% of the stock is owned by hedge funds and other institutional investors.
Equinix Price Performance
NASDAQ EQIX opened at $657.89 on Monday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $667.08 and a 200 day simple moving average of $687.57. The company has a market cap of $59.92 billion, a P/E ratio of 93.58, a P/E/G ratio of 2.81 and a beta of 0.49. Equinix, Inc. has a 1 year low of $606.12 and a 1 year high of $873.77.
Equinix Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms recently commented on EQIX. The Goldman Sachs Group reduced their price objective on Equinix from $875.00 to $765.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Wells Fargo & Company decreased their price target on Equinix from $775.00 to $760.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. TheStreet downgraded Equinix from a “b-” rating to a “c+” rating in a report on Monday, June 13th. Morgan Stanley cut their price target on Equinix from $773.00 to $732.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 26th. Finally, Credit Suisse Group lowered their price objective on Equinix from $718.00 to $716.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $818.75.
Insider Buying and Selling
In other Equinix news, insider Brandi Galvin Morandi sold 3,356 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $710.15, for a total value of $2,383,263.40. Following the completion of the sale, the insider now directly owns 17,284 shares of the company’s stock, valued at approximately $12,274,232.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Brandi Galvin Morandi sold 3,356 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $710.15, for a total transaction of $2,383,263.40. Following the completion of the sale, the insider now owns 17,284 shares in the company, valued at approximately $12,274,232.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles J. Meyers sold 377 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $650.00, for a total transaction of $245,050.00. Following the sale, the chief executive officer now owns 7,439 shares of the company’s stock, valued at approximately $4,835,350. The disclosure for this sale can be found here. In the last three months, insiders sold 4,808 shares of company stock valued at $3,394,370. Company insiders own 0.32% of the company’s stock.
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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