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

Weatherly Asset Management L. P. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,030 shares of the financial services provider’s stock after buying an additional 43 shares during the period. Weatherly Asset Management L. P.’s holdings in Equinix were worth $4,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its position in Equinix by 50.0% in the third 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 in the last quarter. Fortitude Family Office LLC raised its stake in shares of 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 last quarter. Dunhill Financial LLC raised its stake in shares of Equinix by 108.7% in 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. raised its stake in shares of Equinix by 112.5% in 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, Thompson Investment Management Inc. bought a new position in shares of Equinix in the fourth quarter worth about $47,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction 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 owns 22,076 shares in the company, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock worth $15,530,564 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 1.1 %

Equinix stock opened at $943.14 on Tuesday. The stock has a market capitalization of $91.00 billion, a PE ratio of 85.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. 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 company has a 50 day moving average of $938.36 and a 200-day moving average of $892.05.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQIX. Wells Fargo & Company dropped 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, February 4th. Truist Financial boosted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Evercore ISI boosted their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, TD Cowen boosted their price target on shares of 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 three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix currently has a consensus 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.