Yousif Capital Management LLC Trims Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Yousif Capital Management LLC lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,400 shares of the financial services provider’s stock after selling 255 shares during the quarter. Yousif Capital Management LLC’s holdings in Equinix were worth $14,521,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Inspire Trust Co. N.A. increased its holdings in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 11 shares during the last quarter. GS Investments Inc. boosted its position in shares of Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after buying an additional 12 shares during the period. Ritholtz Wealth Management grew its stake in shares of Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $924.28 on Wednesday. The stock has a market cap of $89.18 billion, a P/E ratio of 83.34, a P/E/G ratio of 2.18 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a 50 day moving average of $942.07 and a two-hundred day moving average of $888.17. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the transaction, the executive vice president now directly owns 4,893 shares in the company, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company’s stock, valued at $15,854,454. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,823 shares of company stock worth $16,474,442 in the last 90 days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on EQIX. Scotiabank boosted their price target on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research note on Thursday, January 23rd. TD Cowen upped their target price on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $996.06.

Equinix Company Profile

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.