Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,708 shares of the financial services provider's stock after selling 28,952 shares during the quarter. Swedbank AB owned 0.30% of Equinix worth $275,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EQIX. Hantz Financial Services Inc. increased its holdings in Equinix by 9.5% in the 4th quarter. Hantz Financial Services Inc. now owns 4,025 shares of the financial services provider's stock worth $3,795,000 after acquiring an additional 348 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Equinix by 19.6% in the fourth quarter. Forsta AP Fonden now owns 25,600 shares of the financial services provider's stock worth $24,138,000 after purchasing an additional 4,200 shares in the last quarter. BSW Wealth Partners increased its stake in shares of Equinix by 7.3% in the fourth quarter. BSW Wealth Partners now owns 473 shares of the financial services provider's stock worth $446,000 after purchasing an additional 32 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Equinix by 4.2% in the fourth quarter. Perigon Wealth Management LLC now owns 1,055 shares of the financial services provider's stock valued at $970,000 after purchasing an additional 43 shares during the period. Finally, YHB Investment Advisors Inc. lifted its stake in shares of Equinix by 3.1% during the 4th quarter. YHB Investment Advisors Inc. now owns 559 shares of the financial services provider's stock valued at $527,000 after buying an additional 17 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 0.9 %

Shares of Equinix stock traded down $8.47 on Friday, hitting $913.66. 651,953 shares of the company traded hands, compared to its average volume of 487,287. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a market cap of $88.16 billion, a PE ratio of 82.39, a PEG ratio of 2.16 and a beta of 0.73. The stock's 50 day moving average price is $943.26 and its 200-day moving average price is $886.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Insider Transactions at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction 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 transaction, the chief executive officer now directly owns 3,069 shares of the company's stock, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. 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. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQIX shares. Wells Fargo & Company lifted their target price on Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a report on Monday, January 27th. 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 research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, TD Cowen increased their price objective on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $997.53.

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.