Weatherly Asset Management L. P. Has $4.74 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Weatherly Asset Management L. P. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,030 shares of the financial services provider’s stock after purchasing an additional 43 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Equinix were worth $4,743,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EQIX. GHP Investment Advisors Inc. raised its holdings in 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 last quarter. Fortitude Family Office LLC increased its stake in shares of Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares in the last quarter. Webster Bank N. A. increased its stake in shares of Equinix by 112.5% in the 3rd 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 in the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in shares of Equinix in the 4th quarter valued at $47,000. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the sale, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,801 shares of company stock valued at $15,530,564. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. JMP Securities restated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday, February 6th. Finally, Scotiabank boosted their price target on shares of Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a research note on Thursday, January 23rd. Three 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $996.06.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $943.14 on Tuesday. The company’s 50-day moving average is $938.36 and its 200 day moving average is $892.05. 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 company has a market capitalization of $91.00 billion, a P/E ratio of 85.04, a price-to-earnings-growth ratio of 2.23 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.

Equinix 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.