Equinix, Inc. $EQIX Shares Sold by Triglav Investments D.O.O.

Triglav Investments D.O.O. lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,160 shares of the financial services provider’s stock after selling 830 shares during the quarter. Triglav Investments D.O.O.’s holdings in Equinix were worth $6,391,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Equinix by 2.5% in the third quarter. Hantz Financial Services Inc. now owns 4,304 shares of the financial services provider’s stock worth $3,371,000 after acquiring an additional 103 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Equinix by 29.9% in the 3rd quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider’s stock valued at $9,994,000 after purchasing an additional 2,941 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Equinix by 0.4% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 20,317 shares of the financial services provider’s stock valued at $15,913,000 after purchasing an additional 85 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Equinix by 65.6% during the 3rd quarter. Westside Investment Management Inc. now owns 53 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 21 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,894 shares of Equinix stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total value of $2,115,774.46. Following the transaction, the chief executive officer directly owned 12,366 shares in the company, valued at approximately $9,040,658.94. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,333 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the sale, the insider owned 9,551 shares of the company’s stock, valued at $7,681,391.75. This trade represents a 12.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,490 shares of company stock valued at $15,281,999. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 0.0%

NASDAQ:EQIX opened at $802.13 on Thursday. The stock’s 50 day moving average price is $772.94 and its 200 day moving average price is $785.52. The company has a market capitalization of $78.76 billion, a PE ratio of 73.46, a P/E/G ratio of 1.25 and a beta of 1.06. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EQIX shares. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Scotiabank dropped their price objective on Equinix from $965.00 to $959.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. TD Cowen reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Finally, BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $959.64.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.