Quilter Plc Acquires 7,198 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quilter Plc lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,523 shares of the financial services provider’s stock after buying an additional 7,198 shares during the quarter. Equinix comprises 1.3% of Quilter Plc’s portfolio, making the stock its 24th biggest holding. Quilter Plc owned about 0.07% of Equinix worth $67,438,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after buying an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Equinix by 89,348.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after purchasing an additional 398,494 shares during the last quarter. Adelante Capital Management LLC raised its holdings in Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after purchasing an additional 344,114 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after purchasing an additional 203,656 shares during the last quarter. Finally, abrdn plc raised its holdings in Equinix by 49.2% during the 4th quarter. abrdn plc now owns 464,840 shares of the financial services provider’s stock worth $437,563,000 after purchasing an additional 153,215 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EQIX. Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities restated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday. Barclays boosted their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $996.06.

Equinix Stock Performance

EQIX opened at $933.27 on Monday. The firm has a market cap of $90.05 billion, a P/E ratio of 84.15, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average is $938.36 and its 200-day moving average is $891.36.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,801 shares of company stock valued at $15,530,564. 0.27% of the stock is owned by corporate insiders.

About Equinix

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.