Equinix, Inc. $EQIX Shares Sold by Triglav Investments D.O.O.

Triglav Investments D.O.O. reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,160 shares of the financial services provider’s stock after selling 830 shares during the period. Triglav Investments D.O.O.’s holdings in Equinix were worth $6,391,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quent Capital LLC increased its stake in shares of Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 12 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Equinix by 1.3% during the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of Equinix by 10.9% in the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 13 shares during the period. Flputnam Investment Management Co. increased its position in Equinix by 1.0% during the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock worth $1,014,000 after purchasing an additional 13 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,051 shares of Equinix stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.17, for a total value of $1,649,352.67. Following the completion of the transaction, the chief financial officer directly owned 26,373 shares of the company’s stock, valued at $21,208,375.41. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 927 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $743,250.06. Following the sale, the executive vice president directly owned 7,337 shares in the company, valued at $5,882,659.86. This represents a 11.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,490 shares of company stock worth $15,281,999 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EQIX shares. Truist Financial boosted their target price on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a report on Thursday, January 22nd. UBS Group set a $959.00 target price on Equinix in a research note on Wednesday, January 14th. The Goldman Sachs Group downgraded Equinix from a “buy” rating to a “neutral” rating and set a $795.00 target price on the stock. in a research report on Thursday, December 18th. Finally, Morgan Stanley began coverage on Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and an average target price of $959.64.

Equinix Stock Up 0.0%

NASDAQ:EQIX opened at $802.13 on Thursday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $953.41. The stock’s fifty day moving average is $772.94 and its two-hundred day moving average is $785.52. The stock has a market capitalization of $78.76 billion, a price-to-earnings ratio of 73.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix 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.