Thompson Investment Management Inc. Takes Position in Equinix, Inc. (NASDAQ:EQIX)

Thompson Investment Management Inc. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50 shares of the financial services provider’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Dunhill Financial LLC lifted its stake in 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 buying an additional 25 shares in the last quarter. Webster Bank N. A. lifted its stake in 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 buying an additional 27 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Equinix in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 0.5 %

Shares of EQIX opened at $933.27 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. 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. The company’s 50-day moving average price is $938.36 and its 200 day moving average price is $891.36. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EQIX shares. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. TD Cowen raised their price objective on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Evercore ISI upped their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their price target 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, Scotiabank boosted their price target on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Equinix currently has an average rating of “Buy” and an average price target of $996.06.

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.