Great Diamond Partners LLC Has $263,000 Holdings in Equinix, Inc. (NASDAQ:EQIX)

Great Diamond Partners LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 279 shares of the financial services provider’s stock after selling 24 shares during the period. Great Diamond Partners LLC’s holdings in Equinix were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after purchasing an additional 1,716 shares in the last quarter. Brookfield Corp ON raised its position in Equinix by 67.3% in the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider’s stock valued at $71,685,000 after buying an additional 32,481 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock valued at $33,215,000 after acquiring an additional 1,103 shares in the last quarter. Thematics Asset Management boosted its holdings in Equinix by 17.7% during the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock worth $35,462,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Equinix by 46.1% in the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider’s stock worth $278,712,000 after acquiring an additional 92,975 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQIX. Barclays raised their price target on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. JMP Securities started coverage on shares of Equinix in a research report on Monday, January 27th. They set an “outperform” rating and a $1,200.00 target price on the stock. Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. HSBC raised Equinix from a “hold” rating to a “buy” rating and increased their price target for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets boosted their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $997.53.

Insider Activity at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,823 shares of company stock worth $16,474,442. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

NASDAQ EQIX opened at $913.66 on Friday. The company has a market cap of $88.16 billion, a PE ratio of 82.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $943.72 and its two-hundred day simple moving average is $885.47. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

Equinix 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.