Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,247 shares of the financial services provider’s stock after purchasing an additional 122 shares during the quarter. Apollon Wealth Management LLC’s holdings in Equinix were worth $1,176,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. GHP Investment Advisors Inc. raised its position in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC grew its stake in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares during the last quarter. Dunhill Financial LLC increased its position in Equinix by 108.7% in the third 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 period. Webster Bank N. A. boosted its holdings in shares of Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 27 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of Equinix in the 4th quarter worth about $58,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EQIX. BMO Capital Markets upped their target price on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company cut their price objective on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $996.06.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $943.14 on Tuesday. The stock’s fifty day simple moving average is $938.36 and its 200 day simple moving average is $892.05. The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of 85.04, a PEG 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. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Insider Activity at Equinix

In related news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now owns 15,233 shares in the company, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % 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 quarter. 0.27% of the stock is owned by company insiders.

Equinix Company 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.