Quilter Plc Purchases 7,198 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quilter Plc raised its position in Equinix, Inc. (NASDAQ:EQIX) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,523 shares of the financial services provider’s stock after purchasing an additional 7,198 shares during the quarter. Equinix accounts for about 1.3% of Quilter Plc’s holdings, making the stock its 24th biggest holding. Quilter Plc’s holdings in Equinix were worth $67,438,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Savant Capital LLC raised its position in shares of Equinix by 5.1% during the fourth quarter. Savant Capital LLC now owns 1,108 shares of the financial services provider’s stock worth $1,045,000 after acquiring an additional 54 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in Equinix during the fourth quarter worth approximately $282,000. Stiles Financial Services Inc grew its stake in Equinix by 18.9% during the fourth quarter. Stiles Financial Services Inc now owns 642 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 102 shares during the period. Miller Howard Investments Inc. NY acquired a new stake in Equinix during the fourth quarter worth approximately $3,034,000. Finally, Quotient Wealth Partners LLC grew its stake in Equinix by 11.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 269 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 27 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In related news, Chairman Charles J. Meyers sold 5,788 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the sale, the chairman now directly owns 15,233 shares in the company, valued at approximately $13,859,135.73. The trade was a 27.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the completion of the transaction, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is owned by company insiders.

Equinix Stock Performance

Shares of EQIX opened at $933.27 on Monday. The firm has a market cap of $90.05 billion, a PE ratio of 84.15, a PEG ratio of 2.23 and a beta of 0.72. The stock’s fifty day moving average price is $938.36 and its two-hundred day moving average price is $891.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent analyst reports. TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays raised their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Citizens Jmp raised Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Truist Financial lifted their target price on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $996.06.

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.