Bleakley Financial Group LLC Sells 666 Shares of Equinix, Inc. (NASDAQ:EQIX)

Bleakley Financial Group LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,461 shares of the financial services provider’s stock after selling 666 shares during the period. Bleakley Financial Group LLC’s holdings in Equinix were worth $2,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the period. Dunhill Financial LLC boosted its holdings in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the last quarter. Webster Bank N. A. boosted its holdings in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in Equinix during the fourth quarter worth $58,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Up 0.2 %

Shares of NASDAQ EQIX opened at $938.34 on Friday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $940.14 and its two-hundred day simple moving average is $889.47. The stock has a market capitalization of $90.54 billion, a P/E ratio of 84.61, a PEG ratio of 2.18 and a beta of 0.72.

Wall Street Analyst Weigh In

Several research firms have issued reports on EQIX. Royal Bank of Canada upped their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays raised their target price on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday. Scotiabank lifted their price target on shares of Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a report on Thursday, January 23rd. Finally, Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $996.06.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction dated Tuesday, December 3rd. The stock was 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 of the company’s stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,801 shares of company stock worth $15,530,564. Insiders own 0.27% of the company’s stock.

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.