Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Decreased by Avitas Wealth Management LLC

Avitas Wealth Management LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,215 shares of the financial services provider’s stock after selling 29 shares during the period. Avitas Wealth Management LLC’s holdings in Equinix were worth $1,146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Inspire Trust Co. N.A. raised its stake in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 11 shares in the last quarter. GS Investments Inc. raised its position in shares of Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after acquiring an additional 12 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Equinix by 1.8% during the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 12 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in 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 during the period. Finally, Fortitude Family Office LLC increased its stake in 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 purchasing an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EQIX. TD Cowen raised their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company dropped their price target on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank boosted their price objective on Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a research report on Thursday, January 23rd. Finally, JMP Securities initiated coverage on Equinix in a research report on Monday, January 27th. They issued an “outperform” rating and a $1,200.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $996.06.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company’s stock, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the sale, the executive vice president now owns 4,893 shares in the company, valued at $4,518,979.08. The trade was a 17.28 % 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 valued at $16,474,442 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.0 %

Shares of NASDAQ:EQIX opened at $924.28 on Wednesday. The company has a 50 day moving average of $942.07 and a 200-day moving average of $888.17. 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 firm has a market cap of $89.18 billion, a P/E ratio of 83.34, a P/E/G ratio of 2.18 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

Equinix 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.