Quotient Wealth Partners LLC Acquires 27 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quotient Wealth Partners LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269 shares of the financial services provider’s stock after buying an additional 27 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Equinix were worth $254,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of Equinix by 9.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the period. Brookfield Corp ON raised its stake in Equinix by 67.3% in the third quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider’s stock worth $71,685,000 after buying an additional 32,481 shares in the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Equinix by 3.0% in the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after buying an additional 1,103 shares during the period. Thematics Asset Management boosted its position in Equinix by 17.7% during the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock valued at $35,462,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Equinix by 46.1% during the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider’s stock worth $278,712,000 after acquiring an additional 92,975 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX stock opened at $943.14 on Tuesday. 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 price of $938.36 and a 200-day moving average price of $892.05. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm has a market capitalization of $91.00 billion, a PE ratio of 85.04, a P/E/G ratio of 2.23 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQIX. Royal Bank of Canada upped their price target on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Barclays lifted their price target on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 6th. Finally, Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $996.06.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the sale, the chief financial officer now owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,801 shares of company stock valued at $15,530,564. Company 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.