Swedbank AB Lowers Stake in Equinix, Inc. (NASDAQ:EQIX)

Swedbank AB lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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).

A number of other hedge funds have also bought and sold shares of EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after buying an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in Equinix by 202.3% during the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after purchasing an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after purchasing an additional 203,656 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Equinix by 21.5% in the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock worth $682,826,000 after buying an additional 159,576 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares in the company, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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. In the last quarter, insiders sold 19,549 shares of company stock worth $18,036,455. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Up 0.8 %

Equinix stock traded up $7.42 during midday trading on Wednesday, reaching $914.23. 23,480 shares of the stock traded hands, compared to its average volume of 523,209. The firm has a market cap of $88.21 billion, a PE ratio of 82.33, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $944.00 and a two-hundred day simple moving average of $885.05. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several research reports. Truist Financial lifted their target price on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Stifel Nicolaus upped their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company upped their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Three 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’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus 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.