Vanderbilt University Sells 965 Shares of Equinix, Inc. (NASDAQ:EQIX)

Vanderbilt University cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,892 shares of the financial services provider’s stock after selling 965 shares during the period. Equinix makes up 1.5% of Vanderbilt University’s holdings, making the stock its 7th biggest holding. Vanderbilt University’s holdings in Equinix were worth $7,441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. Mirae Asset Global Investments Co. Ltd. raised its position in Equinix by 43.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,980 shares of the financial services provider’s stock valued at $17,833,000 after buying an additional 5,753 shares during the last quarter. Spirit of America Management Corp NY grew its stake in shares of Equinix by 4.5% in the 4th quarter. Spirit of America Management Corp NY now owns 7,610 shares of the financial services provider’s stock worth $7,175,000 after acquiring an additional 330 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Equinix in the fourth quarter valued at about $1,048,000. Stratos Investment Management LLC lifted its position in shares of Equinix by 20.7% during the fourth quarter. Stratos Investment Management LLC now owns 291 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 50 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in Equinix by 2.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,402 shares of the financial services provider’s stock worth $4,151,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on 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 owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares of the company’s stock, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,823 shares of company stock valued at $16,474,442. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on EQIX shares. Royal Bank of Canada increased their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JMP Securities began coverage on Equinix in a research report on Monday, January 27th. They set an “outperform” rating and a $1,200.00 price target for the company. Stifel Nicolaus boosted their price objective on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Finally, Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $996.06.

Equinix Trading Up 1.3 %

NASDAQ:EQIX opened at $936.50 on Thursday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock’s fifty day moving average price is $941.00 and its two-hundred day moving average price is $889.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $90.36 billion, a P/E ratio of 84.45, a P/E/G ratio of 2.18 and a beta of 0.72.

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.