Victory Capital Management Inc. lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 37.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,985 shares of the financial services provider’s stock after selling 59,340 shares during the period. Victory Capital Management Inc.’s holdings in Equinix were worth $44,862,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQIX. Zions Bancorporation grew its stake in Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares during the period. Amica Retiree Medical Trust acquired a new stake in Equinix during the third quarter worth approximately $188,000. Commerce Bank acquired a new stake in Equinix during the third quarter worth approximately $203,000. Ithaka Group LLC acquired a new stake in Equinix during the third quarter worth approximately $223,000. Finally, USA Financial Portformulas Corp acquired a new stake in Equinix during the third quarter worth approximately $250,000. 94.29% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on EQIX shares. Cowen reissued a “buy” rating and issued a $482.00 price objective on shares of Equinix in a research note on Friday, November 10th. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price objective for the company in a research note on Monday, November 6th. Berenberg Bank reissued a “buy” rating and issued a $550.00 price objective on shares of Equinix in a research note on Friday, November 3rd. Citigroup raised their price objective on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Deutsche Bank started coverage on Equinix in a research note on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $504.29.
Equinix, Inc. (EQIX) opened at $426.08 on Thursday. The stock has a market capitalization of $33,706.99, a P/E ratio of 140.62, a P/E/G ratio of 1.49 and a beta of 0.42. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a 1 year low of $361.90 and a 1 year high of $495.35.
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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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