J. Safra Sarasin Holding AG Has $822,000 Stock Position in Equinix, Inc. $EQIX

J. Safra Sarasin Holding AG lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 63.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,050 shares of the financial services provider’s stock after selling 1,820 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Equinix were worth $822,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its holdings in shares of Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. Norges Bank bought a new position in shares of Equinix in the second quarter valued at approximately $892,431,000. Vanguard Group Inc. increased its position in shares of Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the last quarter. State Street Corp grew its position in shares of Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after acquiring an additional 220,981 shares during the period. Finally, ABN AMRO Bank N.V. bought a new position in Equinix during the second quarter valued at $172,581,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,087 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the sale, the chairman owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,894 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46. Following the sale, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. This represents a 18.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,590 shares of company stock valued at $15,366,046. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent research reports. HSBC set a $1,050.00 target price on Equinix and gave the stock a “buy” rating in a research report on Thursday, January 15th. Scotiabank dropped their price target on Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price on the stock in a report on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price objective on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley assumed coverage on Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $959.64.

Equinix Stock Up 1.2%

Equinix stock opened at $826.05 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $81.11 billion, a PE ratio of 75.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The stock has a fifty day moving average of $768.51 and a 200 day moving average of $784.26. Equinix, Inc. has a one year low of $701.41 and a one year high of $953.41.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm earned $9.05 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Company Profile

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.