CENTRAL TRUST Co Acquires 930 Shares of Equinix, Inc. (NASDAQ:EQIX)

CENTRAL TRUST Co increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 92.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,932 shares of the financial services provider’s stock after purchasing an additional 930 shares during the quarter. CENTRAL TRUST Co’s holdings in Equinix were worth $1,822,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the period. Brookfield Corp ON increased its stake in Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider’s stock worth $71,685,000 after acquiring an additional 32,481 shares during the period. E. Ohman J or Asset Management AB increased its stake in Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after acquiring an additional 1,103 shares during the period. Thematics Asset Management raised its holdings in Equinix by 17.7% in the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock valued at $35,462,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Equinix by 46.1% during the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider’s stock valued at $278,712,000 after acquiring an additional 92,975 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $913.66 on Monday. The company has a market capitalization of $88.16 billion, a PE ratio of 82.39, a P/E/G ratio of 2.16 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $943.26 and a two-hundred day moving average price of $886.74. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

Insider Activity at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the transaction, the chief financial officer now directly owns 22,076 shares in the company, valued at $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,823 shares of company stock worth $16,474,442 in the last quarter. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on EQIX. Royal Bank of Canada raised their price target on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Evercore ISI upped their price target on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JMP Securities assumed coverage on shares of Equinix in a research report on Monday, January 27th. They set an “outperform” rating and a $1,200.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $997.53.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.