Egerton Capital UK LLP grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 18.4% in the 4th quarter, HoldingsChannel reports. The fund owned 576,694 shares of the financial services provider’s stock after purchasing an additional 89,521 shares during the quarter. Equinix accounts for 2.3% of Egerton Capital UK LLP’s portfolio, making the stock its 21st biggest position. Egerton Capital UK LLP’s holdings in Equinix were worth $261,369,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,898,601 shares of the financial services provider’s stock worth $847,345,000 after buying an additional 6,178 shares during the period. Edgewood Management LLC boosted its position in shares of Equinix by 1.0% during the third quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock worth $831,358,000 after buying an additional 18,248 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Equinix by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock worth $666,367,000 after buying an additional 108,231 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Equinix by 7.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,382,606 shares of the financial services provider’s stock worth $626,624,000 after buying an additional 93,181 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Equinix by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock worth $487,600,000 after buying an additional 24,433 shares during the period. Institutional investors own 93.85% of the company’s stock.

In other news, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total value of $95,874.00. Following the completion of the sale, the insider now directly owns 1,125 shares of the company’s stock, valued at $539,291.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $438.43, for a total value of $657,645.00. Following the completion of the sale, the chief financial officer now directly owns 29,066 shares of the company’s stock, valued at $12,743,406.38. The disclosure for this sale can be found here. Insiders have sold 24,713 shares of company stock valued at $11,057,354 over the last three months. Insiders own 0.58% of the company’s stock.

EQIX has been the subject of several recent research reports. Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Cowen reaffirmed a “buy” rating and set a $482.00 price objective on shares of Equinix in a research report on Friday, November 10th. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price objective for the company in a research report on Monday, November 6th. Berenberg Bank reaffirmed a “buy” rating and set a $550.00 price objective on shares of Equinix in a research report on Friday, November 3rd. Finally, Citigroup upped their price objective on Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One 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. The company currently has a consensus rating of “Buy” and an average price target of $504.29.

Equinix, Inc. (NASDAQ:EQIX) opened at $431.45 on Tuesday. Equinix, Inc. has a 52-week low of $361.90 and a 52-week high of $495.35. 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 company has a market capitalization of $33,312.69, a P/E ratio of 23.95, a P/E/G ratio of 1.47 and a beta of 0.42.

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About Equinix

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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