Supplemental Annuity Collective Trust of NJ purchased a new position in shares of Equinix Inc (NASDAQ:EQIX) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 800 shares of the financial services provider’s stock, valued at approximately $461,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Equinix in the 2nd quarter valued at approximately $26,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Equinix in the 2nd quarter valued at approximately $26,000. Carroll Financial Associates Inc. boosted its holdings in Equinix by 63.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Equinix in the 2nd quarter valued at approximately $29,000. Finally, Berman Capital Advisors LLC boosted its holdings in Equinix by 44.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 22 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EQIX stock traded up $4.57 during midday trading on Friday, reaching $576.41. 202,264 shares of the company traded hands, compared to its average volume of 370,260. The firm’s 50 day simple moving average is $563.58 and its two-hundred day simple moving average is $514.57. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $609.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $46.24 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.90 and a beta of 0.69.
In related news, insider Michael Earl Campbell sold 1,000 shares of Equinix stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $543.75, for a total transaction of $543,750.00. Following the completion of the transaction, the insider now directly owns 2,078 shares in the company, valued at approximately $1,129,912.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Simon Miller sold 385 shares of Equinix stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $516.27, for a total value of $198,763.95. Following the transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at $355,710.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,409 shares of company stock valued at $6,727,033. Insiders own 0.49% of the company’s stock.
EQIX has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Equinix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group lifted their price objective on Equinix from $510.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Nomura lifted their price objective on Equinix from $575.00 to $625.00 and gave the company a “buy” rating in a report on Friday. Finally, Mitsubishi UFJ Financial Group initiated coverage on Equinix in a report on Tuesday, September 10th. They issued an “overweight” rating and a $605.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Equinix has an average rating of “Buy” and a consensus price target of $539.15.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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