IFM Investors Pty Ltd grew its stake in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 17.1% during the 4th quarter, HoldingsChannel reports. The firm owned 8,535 shares of the financial services provider’s stock after acquiring an additional 1,244 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equinix were worth $6,096,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Equinix in the 3rd quarter worth approximately $26,000. CVA Family Office LLC acquired a new position in shares of Equinix in the 3rd quarter worth approximately $28,000. Arlington Partners LLC acquired a new position in shares of Equinix in the 4th quarter worth approximately $33,000. Paces Ferry Wealth Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter worth approximately $43,000. Finally, Nachman Norwood & Parrott Inc acquired a new position in shares of Equinix in the 3rd quarter worth approximately $46,000. Institutional investors own 83.23% of the company’s stock.

In other Equinix news, CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $749.67, for a total transaction of $749,670.00. Following the completion of the transaction, the chief financial officer now owns 30,567 shares in the company, valued at approximately $22,915,162.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Hromadko sold 10,000 shares of the stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $790.17, for a total transaction of $7,901,700.00. Following the transaction, the director now owns 160,335 shares of the company’s stock, valued at $126,691,906.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,500 shares of company stock valued at $9,025,959. Corporate insiders own 0.51% of the company’s stock.

EQIX opened at $690.12 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.96. Equinix, Inc. has a 12 month low of $477.87 and a 12 month high of $839.77. The company has a fifty day simple moving average of $698.01 and a 200 day simple moving average of $745.32. The stock has a market cap of $61.49 billion, a P/E ratio of 135.32, a P/E/G ratio of 2.27 and a beta of 0.30.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 28th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.45 by ($4.71). Equinix had a return on equity of 4.62% and a net margin of 7.58%. On average, equities research analysts expect that Equinix, Inc. will post 21.85 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. Royal Bank of Canada reduced their price objective on Equinix from $845.00 to $825.00 and set an “outperform” rating on the stock in a report on Tuesday, November 3rd. TheStreet downgraded Equinix from a “b-” rating to a “c+” rating in a report on Wednesday, January 6th. Mizuho assumed coverage on Equinix in a report on Wednesday, December 2nd. They set a “buy” rating and a $800.00 price objective on the stock. BidaskClub downgraded Equinix from a “buy” rating to a “hold” rating in a report on Friday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on Equinix from $840.00 to $825.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $804.45.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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