Equinix, Inc. (NASDAQ:EQIX) Holdings Raised by Mather Group LLC.

Mather Group LLC. boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the financial services provider’s stock after buying an additional 70 shares during the period. Mather Group LLC.’s holdings in Equinix were worth $1,259,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Equinix by 1.4% during the third quarter. State Street Corp now owns 5,826,082 shares of the financial services provider’s stock valued at $5,171,405,000 after acquiring an additional 81,941 shares during the period. Geode Capital Management LLC boosted its stake in Equinix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider’s stock valued at $2,079,591,000 after purchasing an additional 33,277 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Equinix by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after buying an additional 203,656 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Equinix by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider’s stock valued at $1,006,724,000 after buying an additional 53,729 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EQIX shares. Truist Financial boosted their price target on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Wells Fargo & Company cut their target price 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. Scotiabank raised their target price on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a report on Thursday, January 23rd. Citizens Jmp raised Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, TD Cowen raised their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $996.06.

Equinix Price Performance

NASDAQ EQIX opened at $924.28 on Wednesday. The company has a 50 day simple moving average of $942.07 and a 200-day simple moving average of $888.17. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The firm has a market capitalization of $89.18 billion, a price-to-earnings ratio of 83.34, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the sale, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,823 shares of company stock worth $16,474,442 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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.