176 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 176 shares of the financial services provider’s stock, valued at approximately $128,000.

A number of other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. increased its stake in Equinix by 6,589.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,228,384 shares of the financial services provider’s stock worth $14,732,000 after buying an additional 1,210,021 shares during the period. Norges Bank acquired a new stake in shares of Equinix during the fourth quarter valued at about $725,557,000. Principal Financial Group Inc. increased its position in shares of Equinix by 44.6% during the third quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after acquiring an additional 431,435 shares during the last quarter. Morgan Stanley lifted its stake in shares of Equinix by 26.5% in the fourth quarter. Morgan Stanley now owns 854,549 shares of the financial services provider’s stock worth $559,756,000 after acquiring an additional 179,023 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Equinix by 28.3% in the first quarter. Wellington Management Group LLP now owns 604,277 shares of the financial services provider’s stock valued at $448,144,000 after purchasing an additional 133,132 shares during the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQIX. Wolfe Research raised Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. TheStreet upgraded shares of Equinix from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th. Wells Fargo & Company dropped their target price on shares of Equinix from $810.00 to $740.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Truist Financial raised shares of Equinix from a “hold” rating to a “buy” rating and increased their price target for the stock from $871.00 to $915.00 in a research report on Tuesday, January 16th. Finally, BMO Capital Markets lowered their price objective on Equinix from $870.00 to $850.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $839.67.

View Our Latest Stock Analysis on Equinix

Insider Buying and Selling

In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the completion of the transaction, the chief executive officer now directly owns 16,360 shares of the company’s stock, valued at approximately $13,090,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the completion of the transaction, the chief executive officer now owns 16,360 shares in the company, valued at approximately $13,090,944.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 3,280 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $800.66, for a total value of $2,626,164.80. Following the transaction, the chief financial officer now directly owns 22,157 shares in the company, valued at $17,740,223.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,274 shares of company stock valued at $13,041,707 in the last quarter. Company insiders own 0.32% of the company’s stock.

Equinix Stock Performance

EQIX stock opened at $849.98 on Tuesday. Equinix, Inc. has a 1 year low of $661.66 and a 1 year high of $859.72. The stock has a market capitalization of $79.80 billion, a price-to-earnings ratio of 91.40, a PEG ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s fifty day moving average is $812.94 and its two-hundred day moving average is $778.20.

About Equinix

(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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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