Greenleaf Trust Acquires 64 Shares of Equinix, Inc. (NASDAQ:EQIX)

Greenleaf Trust increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,650 shares of the financial services provider’s stock after purchasing an additional 64 shares during the period. Greenleaf Trust’s holdings in Equinix were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

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

Equinix Stock Down 0.9 %

Shares of NASDAQ EQIX opened at $913.66 on Monday. The company has a market cap of $88.16 billion, a price-to-earnings ratio of 82.39, a PEG 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 fifty day moving average is $943.26 and its 200 day moving average is $886.74. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank increased their target price on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JMP Securities began coverage on shares of Equinix in a research note on Monday, January 27th. They issued an “outperform” rating and a $1,200.00 price target for the company. Truist Financial raised their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, Stifel Nicolaus upped their target price on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $997.53.

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 222 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the transaction, the insider now directly owns 1,015 shares of the company’s stock, valued at approximately $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the sale, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,823 shares of company stock worth $16,474,442. 0.27% of the stock is currently owned by company insiders.

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.