Janney Montgomery Scott LLC Decreases Stake in Equinix, Inc. (NASDAQ:EQIX)

Janney Montgomery Scott LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,855 shares of the financial services provider's stock after selling 1,262 shares during the quarter. Janney Montgomery Scott LLC's holdings in Equinix were worth $8,349,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inspire Trust Co. N.A. boosted its holdings in Equinix by 0.7% during 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 acquiring an additional 11 shares during the period. GS Investments Inc. grew its holdings in shares of Equinix by 0.5% in the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock worth $2,087,000 after purchasing an additional 12 shares during the last quarter. Ritholtz Wealth Management increased 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 worth $633,000 after buying an additional 12 shares during the period. GHP Investment Advisors Inc. raised its holdings 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 buying an additional 13 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position 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 buying an additional 13 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQIX shares. Hsbc Global Res raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their price target on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. JMP Securities started coverage on Equinix in a research report on Monday. They issued an "outperform" rating and a $1,200.00 price objective on the stock. Truist Financial upped their target price on Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, November 29th. Finally, TD Cowen lifted their price target on shares of Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of "Moderate Buy" and an average target price of $997.53.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated 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 approximately $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,823 shares of company stock valued at $16,474,442 over the last 90 days. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Down 0.9 %

Shares of EQIX traded down $8.47 during trading hours on Friday, hitting $913.66. The company had a trading volume of 641,885 shares, compared to its average volume of 525,777. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The firm has a fifty day moving average price of $943.72 and a 200-day moving average price of $885.47. The stock has a market capitalization of $88.16 billion, a price-to-earnings ratio of 82.39, a P/E/G ratio of 2.16 and a beta of 0.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16.

About Equinix

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.