Appleton Partners Inc. MA Sells 357 Shares of Equinix, Inc. (NASDAQ:EQIX)

Appleton Partners Inc. MA cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,099 shares of the financial services provider’s stock after selling 357 shares during the period. Equinix comprises approximately 1.1% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 26th biggest position. Appleton Partners Inc. MA’s holdings in Equinix were worth $14,237,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Inspire Trust Co. N.A. grew its position in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after buying an additional 11 shares during the last quarter. GS Investments Inc. lifted its position in 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 during the period. Ritholtz Wealth Management boosted its position in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 12 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. Finally, Fortitude Family Office LLC raised 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 buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EQIX shares. Barclays lifted their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. TD Cowen upped their target price on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $996.06.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,788 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the transaction, the chairman now owns 15,233 shares of the company’s stock, valued at $13,859,135.73. This represents a 27.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the sale, the chief financial officer now owns 22,076 shares in the company, valued at $20,085,186.32. This represents a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,801 shares of company stock worth $15,530,564 over the last three months. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

Shares of EQIX opened at $933.27 on Friday. The business has a 50-day simple moving average of $939.33 and a two-hundred day simple moving average of $889.81. The stock has a market cap of $90.05 billion, a price-to-earnings ratio of 84.15, a PEG ratio of 2.18 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 52 week low of $684.14 and a 52 week 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.