abrdn plc Buys 153,215 Shares of Equinix, Inc. (NASDAQ:EQIX)

abrdn plc grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 49.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 464,840 shares of the financial services provider’s stock after buying an additional 153,215 shares during the period. Equinix makes up 0.8% of abrdn plc’s investment portfolio, making the stock its 18th largest holding. abrdn plc’s holdings in Equinix were worth $437,563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Sugarloaf Wealth Management LLC raised its position in shares of Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 20 shares during the period. Dunhill Financial LLC raised its position in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the period. Finally, Webster Bank N. A. raised its position in shares of Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In other news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. This represents a 12.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction 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 transaction, the director now owns 17,794 shares of the company’s stock, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,823 shares of company stock worth $16,474,442. 0.27% of the stock is owned by company insiders.

Equinix Stock Up 0.1 %

Shares of NASDAQ:EQIX opened at $915.00 on Tuesday. 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 has a market capitalization of $88.29 billion, a PE ratio of 82.51, 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. The business has a fifty day moving average price of $943.26 and a two-hundred day moving average price of $887.33.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JMP Securities began coverage on Equinix in a research report on Monday, January 27th. They set an “outperform” rating and a $1,200.00 target price on the stock. BMO Capital Markets increased 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. Citizens Jmp raised Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Evercore ISI increased 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. Finally, Stifel Nicolaus increased their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $997.53.

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.