Wilmington Savings Fund Society FSB Boosts Position in Equinix, Inc. (NASDAQ:EQIX)

Wilmington Savings Fund Society FSB lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 817 shares of the financial services provider’s stock after purchasing an additional 161 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Equinix were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. GHP Investment Advisors Inc. grew its stake in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the period. Fortitude Family Office LLC grew its position in Equinix by 50.0% in 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 during the period. Dunhill Financial LLC increased its stake in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 25 shares during the last quarter. Webster Bank N. A. increased its stake in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 27 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Equinix in the fourth quarter valued at $58,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 1.1 %

Shares of NASDAQ:EQIX opened at $943.14 on Tuesday. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The firm’s 50 day moving average price is $938.36 and its 200 day moving average price is $892.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market cap of $91.00 billion, a price-to-earnings ratio of 85.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada upped their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets lifted their target price on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, TD Cowen boosted their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $996.06.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This trade represents a 16.83 % 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 valued at $15,530,564. Insiders own 0.27% of the company’s stock.

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.