Appleton Partners Inc. MA Decreases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Appleton Partners Inc. MA decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 15,099 shares of the financial services provider’s stock after selling 357 shares during the quarter. Equinix makes up 1.1% of Appleton Partners Inc. MA’s holdings, making the stock its 26th biggest holding. Appleton Partners Inc. MA’s holdings in Equinix were worth $14,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Equinix by 7.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,564 shares of the financial services provider’s stock worth $34,476,000 after buying an additional 2,620 shares during the period. Financial Advocates Investment Management raised its position in shares of Equinix by 10.4% in the 4th quarter. Financial Advocates Investment Management now owns 943 shares of the financial services provider’s stock valued at $889,000 after buying an additional 89 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Equinix by 2.5% in the 4th quarter. State of Alaska Department of Revenue now owns 57,759 shares of the financial services provider’s stock valued at $54,459,000 after purchasing an additional 1,420 shares during the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $571,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Equinix by 43.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,980 shares of the financial services provider’s stock worth $17,833,000 after buying an additional 5,753 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial raised their price target on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, November 29th. BMO Capital Markets increased their price objective on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. 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. Finally, Evercore ISI upped their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $996.06.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the sale, the chief financial officer now owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. The trade was a 7.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,801 shares of company stock worth $15,530,564. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $933.27 on Friday. 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 company’s 50-day moving average is $939.33 and its 200-day moving average is $889.81. The stock has a market capitalization of $90.05 billion, a PE ratio of 84.15, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

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.