Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,348 shares of the financial services provider's stock after acquiring an additional 279 shares during the period. Blue Trust Inc.'s holdings in Equinix were worth $2,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EQIX. Van ECK Associates Corp lifted its stake in Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock worth $18,099,000 after purchasing an additional 1,716 shares in the last quarter. Brookfield Corp ON grew its holdings in Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock worth $71,685,000 after acquiring an additional 32,481 shares in the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Equinix by 3.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock valued at $33,215,000 after purchasing an additional 1,103 shares during the last quarter. Thematics Asset Management raised its position in shares of Equinix by 17.7% during the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider's stock worth $35,462,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Equinix by 46.1% in the fourth quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider's stock valued at $278,712,000 after acquiring an additional 92,975 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 222 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total value of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares of the company's stock, valued at approximately $976,633. The trade was a 17.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 5,788 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total value of $5,265,980.28. Following the transaction, the chairman now directly owns 15,233 shares in the company, valued at approximately $13,859,135.73. This represents a 27.53 % 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 90 days. Insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of EQIX traded down $8.32 during trading hours on Friday, reaching $913.81. 449,458 shares of the company traded hands, compared to its average volume of 524,854. The stock has a fifty day simple moving average of $943.72 and a 200 day simple moving average of $885.47. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a market capitalization of $88.17 billion, a PE ratio of 82.40, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQIX. JMP Securities initiated coverage on shares of Equinix in a research note on Monday. They set an "outperform" rating and a $1,200.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Hsbc Global Res raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. Scotiabank increased their price objective on Equinix from $985.00 to $1,114.00 and gave the stock a "sector outperform" rating in a research report on Thursday, January 23rd. Finally, HSBC upgraded shares of Equinix from a "hold" rating to a "buy" rating and boosted their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Three 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $997.53.

Equinix 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.