Equinix, Inc. $EQIX Position Decreased by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,469 shares of the financial services provider’s stock after selling 1,181 shares during the period. Equinix comprises approximately 5.3% of American Assets Capital Advisers LLC’s portfolio, making the stock its 6th biggest holding. American Assets Capital Advisers LLC’s holdings in Equinix were worth $5,067,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC grew its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Equinix during the second quarter worth about $79,000. Finally, Ascent Group LLC raised its position in Equinix by 14.1% in the second quarter. Ascent Group LLC now owns 437 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 54 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EQIX. UBS Group set a $959.00 target price on shares of Equinix in a research report on Wednesday, January 14th. Scotiabank decreased their target price on Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, HSBC set a $1,050.00 price objective on Equinix and gave the company a “buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $959.64.

Equinix Price Performance

Equinix stock opened at $810.38 on Tuesday. The firm has a market capitalization of $79.57 billion, a P/E ratio of 74.21, a PEG ratio of 1.28 and a beta of 1.06. Equinix, Inc. has a one year low of $701.41 and a one year high of $953.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The business has a fifty day moving average price of $770.83 and a 200-day moving average price of $785.24.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 5,087 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the transaction, the chairman directly owned 10,426 shares in the company, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the transaction, the insider directly owned 9,551 shares of the company’s stock, valued at approximately $7,681,391.75. This represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,490 shares of company stock worth $15,281,999 over the last quarter. Insiders own 0.27% of the company’s stock.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.