Sumitomo Mitsui DS Asset Management Company Ltd Has $34.48 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,564 shares of the financial services provider’s stock after acquiring an additional 2,620 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equinix were worth $34,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Inspire Trust Co. N.A. grew its position in Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 11 shares in the last quarter. GS Investments Inc. boosted its stake in shares of Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after buying an additional 12 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 12 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQIX. Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. TD Cowen increased their price target on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $996.06.

Equinix Stock Up 0.2 %

EQIX opened at $938.34 on Friday. The stock has a fifty day moving average of $940.14 and a 200-day moving average of $889.47. The company has a market capitalization of $90.54 billion, a P/E ratio of 84.61, a P/E/G ratio of 2.18 and a beta of 0.72. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two 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.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 222 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares in the company, valued at approximately $976,633. This represents a 17.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the transaction, the chief financial officer now owns 22,076 shares in the company, valued at $20,085,186.32. The trade was a 12.60 % decrease in their position. The disclosure for this sale can be found here. Over 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 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.