Nisa Investment Advisors LLC Grows Holdings in Equinix, Inc. (EQIX)

Nisa Investment Advisors LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,991 shares of the financial services provider’s stock after acquiring an additional 898 shares during the period. Nisa Investment Advisors LLC’s holdings in Equinix were worth $7,247,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Forsta AP Fonden increased its stake in Equinix by 33.8% during the 3rd quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock worth $13,434,000 after purchasing an additional 7,600 shares in the last quarter. Amica Pension Fund Board of Trustees bought a new position in shares of Equinix during the 3rd quarter worth approximately $1,235,000. Verition Fund Management LLC grew its stake in shares of Equinix by 17.0% during the 2nd quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 119 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Equinix by 21.4% in the third quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 627 shares in the last quarter. Finally, Honeywell International Inc. grew its stake in shares of Equinix by 30.0% in the third quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock valued at $9,932,000 after buying an additional 5,139 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

EQIX has been the subject of several research reports. Oppenheimer raised their price target on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Barclays upgraded Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $505.00 in a research report on Wednesday, October 18th. Cowen restated a “buy” rating and issued a $482.00 price target on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley lifted their target price on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group set a $515.00 target price on Equinix and gave the company a “buy” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $502.95.

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction on Friday, October 27th. The stock was sold at an average price of $455.42, for a total transaction of $683,130.00. Following the completion of the transaction, the chief financial officer now owns 29,596 shares in the company, valued at $13,478,610.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Earl Campbell sold 200 shares of Equinix stock in a transaction on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the transaction, the insider now owns 925 shares of the company’s stock, valued at approximately $427,747.75. The disclosure for this sale can be found here. Insiders have sold 5,993 shares of company stock valued at $2,799,469 in the last quarter. 0.58% of the stock is owned by company insiders.

Equinix, Inc. (NASDAQ EQIX) opened at $435.95 on Tuesday. The company has a market capitalization of $34,105.98, a P/E ratio of 143.88, a PEG ratio of 1.51 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a one year low of $361.90 and a one year high of $495.35.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.95 EPS. analysts expect that Equinix, Inc. will post 16.05 earnings per share for the current year.

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Equinix Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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