BSW Wealth Partners Purchases 32 Shares of Equinix, Inc. (NASDAQ:EQIX)

BSW Wealth Partners lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473 shares of the financial services provider’s stock after buying an additional 32 shares during the quarter. BSW Wealth Partners’ holdings in Equinix were worth $446,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equinix by 302.7% in the 3rd 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 purchasing an additional 813,666 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after buying an additional 398,494 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in Equinix by 202.3% during the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after buying an additional 344,114 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $1,188,180,000 after acquiring an additional 203,656 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Equinix by 200.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 149,274 shares of the financial services provider’s stock valued at $132,500,000 after acquiring an additional 99,577 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.2 %

NASDAQ EQIX opened at $908.23 on Thursday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $87.64 billion, a PE ratio of 81.90, a P/E/G ratio of 2.20 and a beta of 0.73. The company has a fifty day moving average of $944.00 and a 200 day moving average of $885.05.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQIX. Wells Fargo & Company upped their price objective on Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. BMO Capital Markets raised their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Evercore ISI raised their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $997.53.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the sale, the insider now directly owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This represents a 20.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,549 shares of company stock valued at $18,036,455 in the last quarter. 0.27% of the stock is currently 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.