Foresight Group Ltd Liability Partnership Raises Stock Holdings in Equinix, Inc. $EQIX

Foresight Group Ltd Liability Partnership increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,139 shares of the financial services provider’s stock after purchasing an additional 2,378 shares during the period. Equinix accounts for 3.0% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 15th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Equinix were worth $20,425,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Equinix by 1.7% in the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after acquiring an additional 222,221 shares in the last quarter. State Street Corp boosted its stake in Equinix by 3.7% in the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares during the period. Principal Financial Group Inc. grew its holdings in Equinix by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock valued at $1,542,595,000 after buying an additional 56,592 shares in the last quarter. Norges Bank bought a new stake in shares of Equinix during the second quarter valued at approximately $892,431,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Equinix by 3.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,102,423 shares of the financial services provider’s stock worth $876,944,000 after buying an additional 38,936 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 1.1%

Shares of EQIX opened at $857.74 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41. The company has a market cap of $84.22 billion, a PE ratio of 78.55, a P/E/G ratio of 1.32 and a beta of 1.06. The business has a fifty day moving average of $778.47 and a 200 day moving average of $786.39.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target on the stock. in a report on Thursday, December 18th. Morgan Stanley started coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. UBS Group set a $959.00 price objective on Equinix in a research note on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Finally, HSBC set a $1,050.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $959.64.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 927 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $801.78, for a total value of $743,250.06. Following the completion of the sale, the executive vice president owned 7,337 shares of the company’s stock, valued at $5,882,659.86. This trade represents a 11.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the sale, the chairman owned 10,426 shares in the company, valued at approximately $8,116,328.22. The trade was a 32.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,490 shares of company stock worth $15,281,999 in the last three months. 0.27% of the stock is owned by insiders.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.