Avantax Advisory Services Inc. Purchases 431 Shares of Equinix, Inc. (NASDAQ:EQIX)

Avantax Advisory Services Inc. boosted its stake in Equinix, Inc. (NASDAQ:EQIXFree Report) by 155.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 709 shares of the financial services provider’s stock after purchasing an additional 431 shares during the period. Avantax Advisory Services Inc.’s holdings in Equinix were worth $515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ten Capital Wealth Advisors LLC raised its stake in shares of Equinix by 3.9% during the second quarter. Ten Capital Wealth Advisors LLC now owns 350 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. DRW Securities LLC raised its stake in shares of Equinix by 2.7% during the second quarter. DRW Securities LLC now owns 535 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 14 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of Equinix by 0.5% during the first quarter. Equitable Holdings Inc. now owns 3,085 shares of the financial services provider’s stock valued at $2,224,000 after acquiring an additional 14 shares during the last quarter. Bbjs Financial Advisors LLC raised its stake in shares of Equinix by 1.6% during the second quarter. Bbjs Financial Advisors LLC now owns 940 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 15 shares during the last quarter. Finally, GS Investments Inc. raised its stake in shares of Equinix by 0.6% during the second quarter. GS Investments Inc. now owns 2,338 shares of the financial services provider’s stock valued at $1,833,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Equinix from $870.00 to $850.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Morgan Stanley decreased their price objective on shares of Equinix from $785.00 to $767.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. TheStreet upgraded shares of Equinix from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th. Barclays increased their price objective on shares of Equinix from $720.00 to $788.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, HSBC began coverage on shares of Equinix in a research report on Friday, December 1st. They set a “buy” rating and a $875.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $839.67.

Get Our Latest Stock Analysis on EQIX

Equinix Stock Up 0.1 %

Shares of NASDAQ EQIX opened at $855.76 on Monday. The stock has a market capitalization of $80.34 billion, a P/E ratio of 92.02, a P/E/G ratio of 1.54 and a beta of 0.59. The company has a 50-day moving average price of $812.38 and a 200-day moving average price of $777.82. Equinix, Inc. has a 1 year low of $661.66 and a 1 year high of $859.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.05 and a quick ratio of 2.05.

Insider Activity at Equinix

In related news, EVP Jonathan Lin sold 624 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $809.66, for a total transaction of $505,227.84. Following the transaction, the executive vice president now directly owns 5,671 shares of the company’s stock, valued at $4,591,581.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the sale, the chief executive officer now owns 16,360 shares of the company’s stock, valued at $13,090,944.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Lin sold 624 shares of Equinix stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total transaction of $505,227.84. Following the completion of the sale, the executive vice president now directly owns 5,671 shares in the company, valued at approximately $4,591,581.86. The disclosure for this sale can be found here. Insiders have sold 16,274 shares of company stock valued at $13,041,707 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Equinix Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIXFree Report).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.