Choreo LLC Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

Choreo LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,224 shares of the financial services provider’s stock after selling 81 shares during the period. Choreo LLC’s holdings in Equinix were worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EQIX. Czech National Bank increased its position in Equinix by 6.9% during the third quarter. Czech National Bank now owns 19,341 shares of the financial services provider’s stock worth $17,168,000 after buying an additional 1,256 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Equinix in the third quarter valued at $229,000. CWM LLC grew its position in shares of Equinix by 5.6% in the third quarter. CWM LLC now owns 1,702 shares of the financial services provider’s stock valued at $1,511,000 after purchasing an additional 90 shares during the period. Wedmont Private Capital grew its position in shares of Equinix by 7.8% in the third quarter. Wedmont Private Capital now owns 962 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 70 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Equinix in the third quarter valued at $22,062,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Stifel Nicolaus lifted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their price objective on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $996.06.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Up 0.2 %

NASDAQ:EQIX opened at $938.34 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The business’s 50-day simple moving average is $940.14 and its 200 day simple moving average is $889.47. The stock has a market cap of $90.54 billion, a price-to-earnings ratio of 84.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72.

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.