Golden State Equity Partners Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Golden State Equity Partners grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 155.8% during the fourth quarter, HoldingsChannel reports. The firm owned 243 shares of the financial services provider’s stock after buying an additional 148 shares during the period. Golden State Equity Partners’ holdings in Equinix were worth $229,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after buying an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after buying an additional 398,494 shares during the last quarter. Adelante Capital Management LLC increased its stake in shares of Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after buying an additional 344,114 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after buying an additional 203,656 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Equinix by 200.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 149,274 shares of the financial services provider’s stock worth $132,500,000 after buying an additional 99,577 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $924.28 on Wednesday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a market cap of $89.18 billion, a price-to-earnings ratio of 83.34, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a fifty day moving average of $942.07 and a 200-day moving average of $888.17.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 5,788 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the sale, the chairman now owns 15,233 shares in the company, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,823 shares of company stock worth $16,474,442 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQIX. Royal Bank of Canada lifted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JMP Securities initiated coverage on shares of Equinix in a research note on Monday, January 27th. They issued an “outperform” rating and a $1,200.00 price target for the company. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Evercore ISI lifted their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $996.06.

Equinix Profile

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.