Equinix, Inc. (EQIX) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,382,606 shares of the financial services provider’s stock after buying an additional 93,181 shares during the period. Equinix makes up approximately 4.4% of Daiwa Securities Group Inc.’s portfolio, making the stock its 3rd biggest position. Daiwa Securities Group Inc.’s holdings in Equinix were worth $626,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. HighTower Advisors LLC increased its stake in shares of Equinix by 21.1% in the second quarter. HighTower Advisors LLC now owns 1,171 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 204 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Equinix by 2,587.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,204 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 2,122 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Equinix by 19.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,460 shares of the financial services provider’s stock valued at $6,206,000 after purchasing an additional 2,349 shares during the period. Bank of Nova Scotia increased its stake in shares of Equinix by 3.8% in the second quarter. Bank of Nova Scotia now owns 1,891 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 70 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Equinix by 12.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,013 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 94.29% of the company’s stock.

EQIX has been the topic of several analyst reports. Oppenheimer raised their price target on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Barclays upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $475.00 to $505.00 in a research note on Wednesday, October 18th. Cowen restated a “buy” rating and issued a $482.00 price target on shares of Equinix in a research note on Friday, November 10th. Morgan Stanley raised their price target on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Equinix from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned 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 target price of $504.29.

In related news, insider Charles J. Meyers sold 2,196 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $450.00, for a total transaction of $988,200.00. Following the completion of the sale, the insider now directly owns 1,844 shares in the company, valued at $829,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total transaction of $95,874.00. Following the sale, the insider now owns 1,125 shares of the company’s stock, valued at $539,291.25. The disclosure for this sale can be found here. Insiders have sold 24,713 shares of company stock valued at $11,057,354 over the last 90 days. 0.58% of the stock is currently owned by insiders.

Equinix, Inc. (NASDAQ:EQIX) opened at $409.98 on Friday. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The company has a market cap of $32,070.00, a P/E ratio of 133.11, a P/E/G ratio of 1.47 and a beta of 0.42.

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Equinix Profile

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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