By otakuyassine3@gmail.com 
Stock Yards Bank & Trust Co. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,853 shares of the financial services provider’s stock after purchasing an additional 169 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Equinix were worth $14,005,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Inspire Trust Co. N.A. increased 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 worth $1,509,000 after purchasing an additional 11 shares during the last quarter. GS Investments Inc. increased its holdings in shares of Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after acquiring an additional 12 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Equinix by 1.8% during the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Equinix
In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. The trade was a 12.60 % 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 this hyperlink. Also, insider Kurt Pletcher sold 222 shares of the firm’s stock in a transaction 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 owns 1,015 shares of the company’s stock, valued at approximately $976,633. This trade represents a 17.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,823 shares of company stock worth $16,474,442 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.
Equinix Stock Down 0.9 %
EQIX opened at $913.66 on Monday. The firm has a market cap of $88.16 billion, a price-to-earnings ratio of 82.39, a PEG 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. The firm’s 50-day simple moving average is $943.26 and its 200-day simple moving average is $886.74. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.
Analysts Set New Price Targets
A number of brokerages recently weighed in on EQIX. JMP Securities assumed coverage on shares of Equinix in a report on Monday, January 27th. They set an “outperform” rating and a $1,200.00 target price for the company. Scotiabank increased their target price on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday, January 23rd. Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Barclays raised their price target on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $997.53.
View Our Latest Report on EQIX
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.
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