Jackson Square Partners LLC reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 979,336 shares of the company’s stock after selling 300,382 shares during the period. Equinix comprises about 1.6% of Jackson Square Partners LLC’s holdings, making the stock its 23rd largest position. Jackson Square Partners LLC’s holdings in Equinix were worth $352,805,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. AMP Capital Investors Ltd increased its stake in shares of Equinix by 38.0% in the third quarter. AMP Capital Investors Ltd now owns 63,452 shares of the company’s stock valued at $22,841,000 after buying an additional 17,480 shares during the last quarter. Duff & Phelps Investment Management Co. bought a new stake in shares of Equinix during the second quarter valued at $79,003,000. BlackRock Fund Advisors increased its stake in shares of Equinix by 4.5% in the third quarter. BlackRock Fund Advisors now owns 2,147,317 shares of the company’s stock valued at $773,571,000 after buying an additional 92,325 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Equinix by 2.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 7,774 shares of the company’s stock valued at $2,801,000 after buying an additional 210 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Equinix by 37.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,939 shares of the company’s stock valued at $10,057,000 after buying an additional 7,012 shares during the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) opened at 386.45 on Friday. The stock’s 50 day moving average price is $375.56 and its 200-day moving average price is $361.37. The company has a market capitalization of $27.58 billion, a P/E ratio of 348.47 and a beta of 0.73. Equinix, Inc. has a one year low of $284.44 and a one year high of $391.07.
Several analysts have weighed in on EQIX shares. Zacks Investment Research downgraded Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. J P Morgan Chase & Co reissued a “hold” rating and set a $415.00 target price on shares of Equinix in a research note on Thursday, November 3rd. Finally, Guggenheim assumed coverage on Equinix in a research note on Thursday, December 1st. They set a “buy” rating and a $390.00 target price on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Equinix currently has an average rating of “Buy” and an average price target of $406.81.
In other news, Director Christopher B. Paisley sold 500 shares of Equinix stock in a transaction on Monday, November 21st. The stock was sold at an average price of $334.35, for a total value of $167,175.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Crosslink Capital Inc sold 11,660 shares of Equinix stock in a transaction on Friday, December 9th. The shares were sold at an average price of $346.27, for a total value of $4,037,508.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,211 shares of company stock worth $9,801,087 over the last 90 days. 0.69% of the stock is currently owned by company insiders.
Equinix Company 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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