Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,178 shares of the financial services provider’s stock after buying an additional 106 shares during the quarter. Bristlecone Advisors LLC’s holdings in Equinix were worth $2,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQIX. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Equinix by 50.0% in the 3rd 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 in the last quarter. Dunhill Financial LLC boosted its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares during the last quarter. Webster Bank N. A. increased its stake in Equinix by 112.5% during the 3rd quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after buying an additional 27 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in shares of Equinix during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other news, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the transaction, the chief financial officer now owns 18,966 shares in the company, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $89,100.00. Following the sale, the director now owns 17,794 shares in the company, valued at $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock worth $15,530,564 in the last three months. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQIX. Royal Bank of Canada lifted their price target on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Evercore ISI upped their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial raised their price target on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Barclays upped their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $996.06.

Equinix Stock Down 0.5 %

NASDAQ:EQIX opened at $933.27 on Monday. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock’s fifty day moving average is $938.36 and its two-hundred day moving average is $891.36. The stock has a market capitalization of $90.05 billion, a price-to-earnings ratio of 84.15, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

About Equinix

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.