Emerald Advisers Inc. PA trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,456 shares of the financial services provider’s stock after selling 127 shares during the period. Emerald Advisers Inc. PA’s holdings in Equinix were worth $1,113,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EQIX. Zions Bancorporation raised its holdings in shares of Equinix by 2,550.0% in the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 255 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Equinix in the 4th quarter valued at about $121,000. Amica Retiree Medical Trust bought a new stake in shares of Equinix in the 3rd quarter valued at about $188,000. Commerce Bank bought a new stake in shares of Equinix in the 3rd quarter valued at about $203,000. Finally, Ithaka Group LLC bought a new stake in shares of Equinix in the 3rd quarter valued at about $223,000. Institutional investors own 94.29% of the company’s stock.

In other Equinix news, insider Charles J. Meyers sold 2,196 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $450.00, for a total value of $988,200.00. Following the transaction, the insider now directly owns 1,844 shares of the company’s stock, valued at approximately $829,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen M. Smith sold 10,706 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $443.10, for a total transaction of $4,743,828.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,713 shares of company stock worth $11,057,354. Insiders own 0.58% of the company’s stock.

A number of equities research analysts have recently issued reports on EQIX shares. Credit Suisse Group set a $515.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Tuesday, December 12th. Cowen reaffirmed a “buy” rating and issued a $482.00 target price on shares of Equinix in a report on Friday, November 10th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a report on Monday, November 6th. Berenberg Bank reaffirmed a “buy” rating and issued a $550.00 target price on shares of Equinix in a report on Friday, November 3rd. Finally, Citigroup upped their target price on shares of Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $504.29.

Equinix, Inc. (NASDAQ:EQIX) opened at $425.81 on Friday. The firm has a market cap of $32,074.25, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a fifty-two week low of $361.90 and a fifty-two week high of $495.35.

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About Equinix

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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