Perigon Wealth Management LLC Has $970,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Perigon Wealth Management LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the financial services provider’s stock after purchasing an additional 43 shares during the quarter. Perigon Wealth Management LLC’s holdings in Equinix were worth $970,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Scotiabank lifted their price objective on Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of 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 assumed coverage on shares of Equinix in a report on Monday. They issued an “outperform” rating and a $1,200.00 target price on the stock. Finally, Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $997.53.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction dated Thursday, January 16th. The shares were 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 $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents 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 Price Performance

Shares of NASDAQ EQIX opened at $922.13 on Friday. The firm has a market cap of $88.98 billion, a price-to-earnings ratio of 83.15, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The stock has a fifty day simple moving average of $943.79 and a two-hundred day simple moving average of $885.21. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 1-year low of $684.14 and a 1-year 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.