Fagan Associates Inc. grew its position in shares of Equinix Inc (NASDAQ:EQIX) by 40.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,795 shares of the financial services provider’s stock after purchasing an additional 1,680 shares during the period. Equinix accounts for about 1.1% of Fagan Associates Inc.’s investment portfolio, making the stock its 29th largest position. Fagan Associates Inc.’s holdings in Equinix were worth $2,043,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. boosted its position in shares of Equinix by 174.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Equinix by 158.8% in the third quarter. Rehmann Capital Advisory Group now owns 88 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 54 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Equinix by 10.4% in the fourth quarter. IFP Advisors Inc now owns 447 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 42 shares during the last quarter. Exane Derivatives boosted its position in shares of Equinix by 53,200.0% in the fourth quarter. Exane Derivatives now owns 533 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 532 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Equinix in the third quarter worth approximately $196,000. 95.35% of the stock is currently owned by institutional investors.

EQIX has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $454.00 target price (down from $460.00) on shares of Equinix in a research report on Tuesday, October 23rd. BidaskClub cut shares of Equinix from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Berenberg Bank began coverage on shares of Equinix in a research report on Tuesday, January 8th. They set a “buy” rating and a $477.00 price target on the stock. Zacks Investment Research raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. Finally, Credit Suisse Group set a $500.00 price target on shares of Equinix and gave the company a “buy” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. Equinix presently has a consensus rating of “Buy” and a consensus target price of $498.13.

Shares of NASDAQ:EQIX opened at $395.82 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $31.82 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.37 and a beta of 0.87. Equinix Inc has a 12-month low of $335.29 and a 12-month high of $457.99.

In related news, insider Yau Tat Lee sold 2,792 shares of Equinix stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $382.86, for a total value of $1,068,945.12. Following the completion of the sale, the insider now owns 2,182 shares in the company, valued at $835,400.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Camp Peter Van sold 1,257 shares of Equinix stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $380.93, for a total transaction of $478,829.01. Following the completion of the sale, the director now owns 6,454 shares of the company’s stock, valued at approximately $2,458,522.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,944 shares of company stock valued at $5,720,241. Insiders own 0.51% of the company’s stock.

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Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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