Gagnon Securities LLC Lowers Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Gagnon Securities LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,841 shares of the financial services provider’s stock after selling 30 shares during the quarter. Equinix accounts for 2.4% of Gagnon Securities LLC’s investment portfolio, making the stock its 18th biggest holding. Gagnon Securities LLC’s holdings in Equinix were worth $12,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EQIX. GHP Investment Advisors Inc. raised 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 worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC grew its position 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 purchasing an additional 13 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Dunhill Financial LLC grew its position in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares during the period. Finally, Webster Bank N. A. grew its position in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 27 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI boosted 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. Barclays boosted their price target on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $997.53.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 1,022 shares of the firm’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 value of $943,878.32. Following the completion of the sale, the executive vice president now directly owns 4,893 shares in the company, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,823 shares of company stock worth $16,474,442 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Down 0.9 %

NASDAQ:EQIX opened at $913.66 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The business’s 50-day simple moving average is $943.72 and its 200 day simple moving average is $885.47. The stock has a market cap of $88.16 billion, a price-to-earnings ratio of 82.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73.

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.