50 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Thompson Investment Management Inc.

Thompson Investment Management Inc. acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 50 shares of the financial services provider’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its stake in shares of Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider’s stock worth $2,361,000 after purchasing an additional 404 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Equinix by 24.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 817 shares of the financial services provider’s stock valued at $770,000 after buying an additional 161 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Equinix during the 4th quarter worth about $362,000. Apollon Wealth Management LLC boosted its position in shares of Equinix by 10.8% during the 4th quarter. Apollon Wealth Management LLC now owns 1,247 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 122 shares in the last quarter. Finally, Cidel Asset Management Inc. purchased a new position in shares of Equinix in the 4th quarter valued at about $207,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 222 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares in the company, valued at approximately $976,633. This trade represents a 17.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares in the company, 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 quarter, insiders sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Down 0.5 %

EQIX opened at $933.27 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock has a market capitalization of $90.05 billion, a P/E ratio of 84.15, a P/E/G ratio of 2.23 and a beta of 0.72. The business has a 50 day simple moving average of $938.36 and a 200-day simple moving average of $891.36.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQIX. TD Cowen upped their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Evercore ISI increased their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday. Finally, BMO Capital Markets upped their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix has a consensus rating of “Buy” and an average price target of $996.06.

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.