Stratos Investment Management LLC Purchases 50 Shares of Equinix, Inc. (NASDAQ:EQIX)

Stratos Investment Management LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 20.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 291 shares of the financial services provider’s stock after acquiring an additional 50 shares during the quarter. Stratos Investment Management LLC’s holdings in Equinix were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank increased its stake in shares of Equinix by 6.9% in the 3rd quarter. Czech National Bank now owns 19,341 shares of the financial services provider’s stock worth $17,168,000 after purchasing an additional 1,256 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Equinix by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 891 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 217 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Equinix in the 3rd quarter worth $229,000. Mather Group LLC. increased its stake in shares of Equinix by 1.2% in the 3rd quarter. Mather Group LLC. now owns 1,266 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 15 shares in the last quarter. Finally, Country Trust Bank increased its stake in shares of Equinix by 23.9% in the 3rd quarter. Country Trust Bank now owns 40,241 shares of the financial services provider’s stock worth $35,719,000 after purchasing an additional 7,751 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 1.3 %

Shares of Equinix stock opened at $936.50 on Thursday. The firm 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 business has a 50-day moving average price of $941.00 and a 200-day moving average price of $889.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

Analysts Set New Price Targets

EQIX has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI upped their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Scotiabank upped their price objective on Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research note on Thursday, January 23rd. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, TD Cowen increased their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $996.06.

Insider Activity at Equinix

In related news, CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the transaction, the chief executive officer now owns 4,329 shares of the company’s stock, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at approximately $4,518,979.08. The trade was a 17.28 % 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 valued at $16,474,442. Insiders own 0.27% of the company’s stock.

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.