Strs Ohio lessened its position in Equinix Inc (NASDAQ:EQIX) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 136,204 shares of the financial services provider’s stock after selling 293 shares during the period. Strs Ohio owned about 0.17% of Equinix worth $79,502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tarbox Family Office Inc. raised its position in shares of Equinix by 181.3% in the 3rd quarter. Tarbox Family Office Inc. now owns 45 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 29 shares during the last quarter. Savior LLC acquired a new stake in shares of Equinix in the fourth quarter worth $32,000. North Star Investment Management Corp. purchased a new position in shares of Equinix during the third quarter valued at $40,000. Baystate Wealth Management LLC grew its holdings in shares of Equinix by 91.9% during the third quarter. Baystate Wealth Management LLC now owns 71 shares of the financial services provider’s stock valued at $41,000 after buying an additional 34 shares in the last quarter. Finally, Synovus Financial Corp raised its position in Equinix by 108.1% during the third quarter. Synovus Financial Corp now owns 77 shares of the financial services provider’s stock valued at $44,000 after buying an additional 40 shares during the period. 99.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of EQIX traded down $6.52 during midday trading on Friday, reaching $590.50. The stock had a trading volume of 21,068 shares, compared to its average volume of 335,566. The firm has a market cap of $47.85 billion, a PE ratio of 100.13, a P/E/G ratio of 1.96 and a beta of 0.66. The firm has a 50 day simple moving average of $577.06 and a 200-day simple moving average of $555.44. Equinix Inc has a one year low of $357.35 and a one year high of $609.97. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.33.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.96 by ($3.55). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equinix had a net margin of 9.03% and a return on equity of 5.94%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, research analysts forecast that Equinix Inc will post 20.63 EPS for the current fiscal year.

Several equities research analysts recently issued reports on EQIX shares. Oppenheimer increased their price objective on Equinix from $550.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Co restated an “outperform” rating and set a $620.00 target price (up previously from $545.00) on shares of Equinix in a report on Thursday, October 31st. Raymond James raised their target price on shares of Equinix from $560.00 to $625.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their price target on shares of Equinix from $510.00 to $520.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, BMO Capital Markets boosted their price target on shares of Equinix to $610.00 and gave the stock a “positive” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $574.56.

In other Equinix news, insider Sara Baack sold 250 shares of Equinix stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $565.33, for a total value of $141,332.50. Following the completion of the transaction, the insider now directly owns 8,172 shares of the company’s stock, valued at $4,619,876.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 589 shares of Equinix stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $560.67, for a total transaction of $330,234.63. Following the completion of the transaction, the insider now directly owns 15,904 shares of the company’s stock, valued at $8,916,895.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,998 shares of company stock valued at $10,621,400. 0.49% of the stock is owned by corporate insiders.

About Equinix

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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