Washington Capital Management Inc. maintained its stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,494 shares of the financial services provider’s stock at the end of the second quarter. Washington Capital Management Inc.’s holdings in Equinix were worth $641,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of EQIX. Point72 Asia Hong Kong Ltd raised its stake in shares of Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Equinix during the first quarter worth approximately $112,000. Guardian Life Insurance Co. of America raised its stake in shares of Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock worth $165,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) opened at 450.73 on Tuesday. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $451.29.
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A number of equities research analysts recently commented on the stock. Macquarie assumed coverage on shares of Equinix in a report on Thursday, April 6th. They set an “outperform” rating and a $450.00 price objective on the stock. Canaccord Genuity restated a “buy” rating and set a $465.00 price objective on shares of Equinix in a report on Thursday, April 27th. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $465.00 price objective (up from $435.00) on shares of Equinix in a report on Tuesday, April 25th. Finally, Morgan Stanley restated an “equal weight” rating and set a $409.00 price objective (up from $374.00) on shares of Equinix in a report on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Equinix has an average rating of “Buy” and a consensus price target of $456.50.
In other news, insider Yau Tat Lee sold 5,875 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total value of $2,577,362.50. Following the completion of the sale, the insider now owns 5,485 shares in the company, valued at $2,406,269.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen M. Smith sold 5,348 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the sale, the chief executive officer now owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,853 shares of company stock worth $7,787,982. Corporate insiders own 0.58% of the company’s stock.
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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