State of Alaska Department of Revenue boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 30.0% during the 4th quarter, Holdings Channel reports. The firm owned 56,029 shares of the financial services provider’s stock after acquiring an additional 12,917 shares during the quarter. Equinix comprises approximately 0.6% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 29th largest position. State of Alaska Department of Revenue’s holdings in Equinix were worth $25,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Forsta AP Fonden grew its position in Equinix by 33.8% during the 3rd quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock worth $13,434,000 after purchasing an additional 7,600 shares during the last quarter. Amica Pension Fund Board of Trustees purchased a new stake in Equinix during the 3rd quarter worth approximately $1,235,000. Verition Fund Management LLC grew its position in Equinix by 17.0% during the 2nd quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 119 shares during the last quarter. Stifel Financial Corp grew its position in Equinix by 21.4% during the 3rd quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 627 shares during the last quarter. Finally, Honeywell International Inc. grew its position in Equinix by 30.0% during the 3rd quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock worth $9,932,000 after purchasing an additional 5,139 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Equinix, Inc. (NASDAQ:EQIX) opened at $437.45 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35. The stock has a market cap of $34,220.00, a price-to-earnings ratio of 142.03, a P/E/G ratio of 1.53 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $3.95 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. research analysts anticipate that Equinix, Inc. will post 16.05 earnings per share for the current year.

Several analysts have weighed in on EQIX shares. Citigroup boosted their target price on shares of Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Nomura boosted their target price on shares of Equinix from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Deutsche Bank started coverage on shares of Equinix in a research report on Tuesday, October 24th. They set a “buy” rating and a $550.00 target price on the stock. Berenberg Bank started coverage on shares of Equinix in a research report on Tuesday, September 26th. They set a “buy” rating and a $550.00 target price on the stock. Finally, Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. Equinix presently has a consensus rating of “Buy” and a consensus price target of $504.00.

In related news, Director Christopher B. Paisley sold 593 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $484.99, for a total value of $287,599.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Camp Peter Van sold 1,593 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $441.55, for a total transaction of $703,389.15. Following the completion of the transaction, the director now owns 5,871 shares of the company’s stock, valued at $2,592,340.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,110 shares of company stock valued at $10,382,238. Company insiders own 0.58% of the company’s stock.

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Equinix Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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