E. Ohman J or Asset Management AB Sells 11,436 Shares of Equinix, Inc. (NASDAQ:EQIX)

E. Ohman J or Asset Management AB cut its position in Equinix, Inc. (NASDAQ:EQIX) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,984 shares of the financial services provider’s stock after selling 11,436 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Equinix were worth $24,500,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Mather Group LLC. raised its stake in shares of Equinix by 5.5% during the 4th quarter. Mather Group LLC. now owns 1,336 shares of the financial services provider’s stock worth $1,259,000 after acquiring an additional 70 shares in the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of Equinix by 6.5% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 1,033 shares of the financial services provider’s stock worth $974,000 after purchasing an additional 63 shares in the last quarter. abrdn plc increased its position in shares of Equinix by 49.2% during the fourth quarter. abrdn plc now owns 464,840 shares of the financial services provider’s stock worth $437,563,000 after purchasing an additional 153,215 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Equinix by 17.8% during the 4th quarter. Trust Point Inc. now owns 371 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 56 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its position in shares of Equinix by 6.4% in the 4th quarter. Childress Capital Advisors LLC now owns 298 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 18 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $915.00 on Tuesday. 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 firm’s 50 day simple moving average is $943.26 and its 200-day simple moving average is $887.33. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock has a market capitalization of $88.29 billion, a price-to-earnings ratio of 82.51, a PEG ratio of 2.18 and a beta of 0.72.

Insiders Place Their Bets

In other news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles J. Meyers sold 5,788 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. The trade was a 27.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,823 shares of company stock worth $16,474,442. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their price target on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. 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 report on Wednesday, December 11th. Evercore ISI boosted their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. JMP Securities started coverage on shares of Equinix in a report on Monday, January 27th. They issued an “outperform” rating and a $1,200.00 price target for the company. Finally, Scotiabank upped their target price on Equinix from $985.00 to $1,114.00 and gave the company a “sector outperform” rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $997.53.

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.