BDF Gestion Sells 406 Shares of Equinix, Inc. (NASDAQ:EQIX)

BDF Gestion cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.6% during the 4th quarter, Holdings Channel reports. The fund owned 3,109 shares of the financial services provider’s stock after selling 406 shares during the period. BDF Gestion’s holdings in Equinix were worth $2,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. First Affirmative Financial Network lifted its stake in shares of Equinix by 6.7% in the fourth quarter. First Affirmative Financial Network now owns 936 shares of the financial services provider’s stock valued at $882,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Equinix by 9.5% in the fourth quarter. Hantz Financial Services Inc. now owns 4,025 shares of the financial services provider’s stock valued at $3,795,000 after buying an additional 348 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Equinix by 19.6% in the fourth quarter. Forsta AP Fonden now owns 25,600 shares of the financial services provider’s stock valued at $24,138,000 after buying an additional 4,200 shares in the last quarter. BSW Wealth Partners lifted its stake in shares of Equinix by 7.3% in the fourth quarter. BSW Wealth Partners now owns 473 shares of the financial services provider’s stock valued at $446,000 after buying an additional 32 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in shares of Equinix by 4.2% in the fourth quarter. Perigon Wealth Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $970,000 after buying an additional 43 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on EQIX shares. Barclays increased their target price on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Evercore ISI increased their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets raised their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $997.53.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The shares were 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 in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the sale, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,549 shares of company stock worth $18,036,455. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

EQIX stock opened at $908.23 on Thursday. The firm has a 50 day moving average of $944.00 and a 200-day moving average of $885.05. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The firm has a market capitalization of $87.64 billion, a P/E ratio of 81.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73.

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.