Nicollet Investment Management Inc. purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, Holdings Channel reports. The fund purchased 3,739 shares of the financial services provider’s stock, valued at approximately $1,694,000. Equinix comprises approximately 1.4% of Nicollet Investment Management Inc.’s portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation increased its holdings in Equinix by 2,550.0% in the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 255 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Equinix in the 4th quarter worth $121,000. Amica Retiree Medical Trust purchased a new stake in Equinix in the 3rd quarter worth $188,000. Commerce Bank purchased a new stake in Equinix in the 3rd quarter worth $203,000. Finally, Ithaka Group LLC purchased a new stake in Equinix in the 3rd quarter worth $223,000. 94.29% of the stock is owned by institutional investors.

In other Equinix news, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total value of $95,874.00. Following the transaction, the insider now owns 1,125 shares of the company’s stock, valued at $539,291.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $457.84, for a total transaction of $686,760.00. Following the completion of the transaction, the chief financial officer now directly owns 26,196 shares in the company, valued at approximately $11,993,576.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,713 shares of company stock worth $11,057,354. Corporate insiders own 0.58% of the company’s stock.

Equinix, Inc. (NASDAQ EQIX) opened at $426.08 on Thursday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The firm has a market cap of $33,706.99, a PE ratio of 140.62, a PEG ratio of 1.49 and a beta of 0.42. Equinix, Inc. has a 1 year low of $361.90 and a 1 year high of $495.35.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 price target for the company in a report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $515.00 target price (up previously from $510.00) on shares of Equinix in a report on Thursday, November 2nd. BidaskClub lowered shares of Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Cowen reaffirmed a “buy” rating and set a $482.00 target price on shares of Equinix in a report on Friday, November 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $550.00 target price on shares of Equinix in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company. Equinix presently has an average rating of “Buy” and a consensus target price of $504.29.

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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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