Cambridge Investment Research Advisors Inc. cut its position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,945 shares of the financial services provider’s stock after selling 79 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Equinix were worth $2,844,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Tanglewood Legacy Advisors LLC acquired a new position in Equinix during the fourth quarter worth $28,000. Venturi Wealth Management LLC acquired a new position in Equinix during the first quarter worth $28,000. Massmutual Trust Co. FSB ADV raised its holdings in Equinix by 112.5% during the first quarter. Massmutual Trust Co. FSB ADV now owns 51 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 27 shares during the last quarter. Heritage Wealth Management LLC raised its holdings in Equinix by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 62 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 31 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in Equinix during the fourth quarter worth $45,000. 93.16% of the stock is owned by institutional investors and hedge funds.
Equinix Trading Down 0.5 %
Shares of EQIX opened at $777.52 on Friday. The stock’s 50-day moving average is $782.46 and its two-hundred day moving average is $739.63. The stock has a market cap of $72.75 billion, a PE ratio of 89.68, a P/E/G ratio of 1.88 and a beta of 0.64. Equinix, Inc. has a 12 month low of $494.89 and a 12 month high of $821.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.02 and a quick ratio of 2.02.
Equinix Dividend Announcement
Analysts Set New Price Targets
Several research firms have weighed in on EQIX. Argus raised their price target on Equinix from $720.00 to $795.00 in a research report on Thursday, May 18th. Deutsche Bank Aktiengesellschaft raised their price target on Equinix from $780.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Barclays raised their price target on Equinix from $700.00 to $720.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 3rd. Oppenheimer downgraded Equinix from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 22nd. Finally, Truist Financial downgraded Equinix from a “buy” rating to a “hold” rating and lowered their price objective for the company from $870.00 to $815.00 in a research report on Tuesday, June 27th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $811.19.
Insider Buying and Selling
In related news, CFO Keith D. Taylor sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $790.41, for a total value of $1,580,820.00. Following the transaction, the chief financial officer now owns 20,177 shares in the company, valued at $15,948,102.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $753.44, for a total value of $753,440.00. Following the completion of the sale, the chief financial officer now directly owns 23,177 shares of the company’s stock, valued at $17,462,478.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Keith D. Taylor sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $790.41, for a total value of $1,580,820.00. Following the completion of the sale, the chief financial officer now directly owns 20,177 shares of the company’s stock, valued at $15,948,102.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,714 shares of company stock worth $12,785,076. 0.32% of the stock is currently owned by corporate insiders.
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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