Equinix, Inc. $EQIX Stock Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 250.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,973 shares of the financial services provider’s stock after acquiring an additional 1,410 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Equinix were worth $1,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Avion Wealth boosted its position in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont bought a new stake in Equinix in the second quarter valued at about $34,000. Finally, Bogart Wealth LLC increased its holdings in Equinix by 233.3% in the first quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $999.38 on Wednesday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a fifty day moving average of $1,026.01 and a 200-day moving average of $1,004.44.

Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.91 EPS. Equities analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider directly owned 2,450 shares in the company, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EQIX. Guggenheim reissued a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a research note on Tuesday, October 20th. The Goldman Sachs Group boosted their target price on Equinix from $1,015.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. HSBC decreased their target price on Equinix from $1,400.00 to $1,380.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Equinix from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,215.68.

Check Out Our Latest Report on EQIX

Equinix Profile

(Free Report)

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

See Also

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX – Free Report).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.