Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,610 shares of the financial services provider's stock after selling 2,521 shares during the period. Copeland Capital Management LLC's holdings in Equinix were worth $14,719,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Berry Wealth Group LP purchased a new stake in Equinix during the 4th quarter worth about $219,000. Spire Wealth Management lifted its stake in Equinix by 34.1% in the fourth quarter. Spire Wealth Management now owns 1,425 shares of the financial services provider's stock worth $1,344,000 after acquiring an additional 362 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Equinix by 3.1% during the 4th quarter. Independence Bank of Kentucky now owns 768 shares of the financial services provider's stock worth $724,000 after acquiring an additional 23 shares in the last quarter. Austin Private Wealth LLC increased its position in shares of Equinix by 19.2% in the 4th quarter. Austin Private Wealth LLC now owns 298 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 48 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Equinix by 24.4% in the 4th quarter. Caprock Group LLC now owns 2,533 shares of the financial services provider's stock valued at $2,389,000 after purchasing an additional 497 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, 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 valued at $16,474,442 over the last three months. 0.27% of the stock is owned by insiders.

Equinix Stock Up 1.0 %

Shares of EQIX traded up $8.79 during midday trading on Wednesday, hitting $933.07. The company had a trading volume of 170,060 shares, compared to its average volume of 507,277. The stock has a market cap of $90.03 billion, a price-to-earnings ratio of 84.27, a PEG ratio of 2.18 and a beta of 0.72. The company's 50 day moving average price is $941.00 and its 200 day moving average price is $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 52 week low of $684.14 and a 52 week high of $994.03.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, November 29th. Scotiabank lifted their price objective on shares of Equinix from $985.00 to $1,114.00 and gave the company a "sector outperform" rating in a research report on Thursday, January 23rd. JMP Securities initiated coverage on Equinix in a report on Monday, January 27th. They set an "outperform" rating and a $1,200.00 price objective for the company. BMO Capital Markets increased their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.