Equinix, Inc. (NASDAQ:EQIX) Position Lifted by Trust Point Inc.

Trust Point Inc. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371 shares of the financial services provider’s stock after acquiring an additional 56 shares during the quarter. Trust Point Inc.’s holdings in Equinix were worth $350,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC boosted 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 valued at $35,000 after acquiring an additional 13 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 20 shares during the period. Dunhill Financial LLC raised its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the period. Finally, Webster Bank N. A. raised its holdings in shares of Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Kurt Pletcher sold 222 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the transaction, the insider now owns 1,015 shares in the company, valued at approximately $976,633. This trade represents a 17.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,823 shares of company stock worth $16,474,442. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EQIX shares. Royal Bank of Canada increased their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets increased their target price on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Truist Financial increased their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $996.06.

Equinix Stock Up 1.3 %

Equinix stock opened at $936.50 on Thursday. The stock has a market cap of $90.36 billion, a price-to-earnings ratio of 84.45, a PEG ratio of 2.18 and a beta of 0.72. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $941.00 and its two-hundred day moving average price is $889.14. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

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.