Quent Capital LLC Grows Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Quent Capital LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.0% in the 4th quarter, HoldingsChannel reports. The fund owned 276 shares of the financial services provider’s stock after buying an additional 36 shares during the quarter. Quent Capital LLC’s holdings in Equinix were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in shares of 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 position in Equinix by 50.0% during the 3rd 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 position in Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the period. Thompson Investment Management Inc. bought a new stake in Equinix in the 4th quarter worth $47,000. Finally, Friedenthal Financial purchased a new position in shares of Equinix in the fourth quarter valued at about $58,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EQIX. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. BMO Capital Markets increased their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Scotiabank boosted their target price on Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus lifted 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. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $996.06.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the sale, the director now directly owns 17,794 shares of the company’s stock, valued at $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 5,788 shares of the company’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 transaction, the chairman now owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 0.1 %

NASDAQ EQIX opened at $943.64 on Wednesday. The stock has a market cap of $91.05 billion, a P/E ratio of 85.09, a P/E/G ratio of 2.23 and a beta of 0.72. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock’s fifty day moving average price is $937.93 and its 200-day moving average price is $893.27.

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.