Equinix, Inc. (EQIX) Shares Sold by Bp Plc

Bp Plc lessened its position in Equinix, Inc. (NASDAQ:EQIX) by 37.9% in the 4th quarter, HoldingsChannel reports. The fund owned 8,700 shares of the financial services provider’s stock after selling 5,300 shares during the period. Bp Plc’s holdings in Equinix were worth $3,945,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,898,601 shares of the financial services provider’s stock valued at $847,345,000 after acquiring an additional 6,178 shares in the last quarter. Edgewood Management LLC lifted its position in shares of Equinix by 1.0% in the 3rd quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock valued at $831,358,000 after acquiring an additional 18,248 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Equinix by 7.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock valued at $666,367,000 after acquiring an additional 108,231 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Equinix by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock valued at $487,600,000 after acquiring an additional 24,433 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Equinix by 2.2% in the 4th quarter. American Century Companies Inc. now owns 1,038,081 shares of the financial services provider’s stock valued at $470,479,000 after acquiring an additional 22,030 shares in the last quarter. Institutional investors and hedge funds own 94.29% of the company’s stock.

In other news, insider Michael Earl Campbell sold 200 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total transaction of $95,874.00. Following the transaction, the insider now owns 1,125 shares in the company, valued at approximately $539,291.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen M. Smith sold 10,706 shares of the stock in a transaction 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. In the last quarter, insiders sold 24,713 shares of company stock worth $11,057,354. Company insiders own 0.58% of the company’s stock.

Several equities research analysts recently commented on EQIX shares. Citigroup upped their price target on shares of Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley upped their price target on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Oppenheimer upped their price target on shares of Equinix to $525.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target for the company in a research report on Monday, November 6th. Finally, UBS Group upgraded shares of Equinix from a “neutral” rating to a “buy” rating and set a $510.00 price target for the company in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. Equinix currently has an average rating of “Buy” and a consensus price target of $504.29.

Equinix, Inc. (NASDAQ:EQIX) opened at $425.81 on Friday. The firm has a market cap of $32,070.00, a P/E ratio of 138.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35.

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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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