The Equinix, Inc. (EQIX) Position Lowered by Boston Private Wealth LLC, Report finds

The Equinix, Inc. (EQIX) Position Lowered by Boston Private Wealth LLC, Report finds

Several other large investors also recently made changes to their positions in the stock. Kemper Corp Master Retirement Trust raised its position in Equinix by 2.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,350 shares of the company’s stock valued at $847,000 after buying an additional 50 shares during the last quarter. Riverpark Capital Management LLC increased its position in shares of Equinix by 87.8% in the third quarter. Riverpark Capital Management LLC now owns 42,350 shares of the company’s stock worth $9,116,000 after buying an additional 19,799 shares in the last quarter. RiverPark Advisors LLC increased its position in shares of Equinix by 137.7% in the third quarter. RiverPark Advisors LLC now owns 42,350 shares of the company’s stock worth $6,141,000 after buying an additional 24,535 shares in the last quarter. Westover Capital Advisors LLC increased its position in shares of Equinix by 256.5% in the third quarter. Westover Capital Advisors LLC now owns 4,684 shares of the company’s stock worth $1,687,000 after buying an additional 3,370 shares in the last quarter. Finally, Nuveen Fund Advisors LLC boosted its stake in Equinix by 18.4% in the third quarter. Nuveen Fund Advisors LLC now owns 3,796 shares of the company’s stock worth $1,368,000 after buying an additional 589 shares during the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.

Boston Private Wealth LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,255 shares of the company’s stock after selling 140 shares during the period. Boston Private Wealth LLC’s holdings in Equinix were worth $452,000 at the end of the most recent quarter.

Equinix, Inc. (NASDAQ:EQIX) traded up 0.48% during midday trading on Thursday, hitting $385.80. 471,115 shares of the company traded hands. The stock has a market cap of $27.54 billion, a P/E ratio of 347.88 and a beta of 0.73. Equinix, Inc. has a 12-month low of $276.56 and a 12-month high of $391.07. The stock has a 50 day moving average of $374.48 and a 200 day moving average of $361.30.

EQIX has been the topic of a number of research analyst reports. J P Morgan Chase & Co reissued a “hold” rating and set a $415.00 price objective on shares of Equinix in a report on Thursday, November 3rd. Zacks Investment Research cut shares of Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Guggenheim began coverage on shares of Equinix in a report on Thursday, December 1st. They issued a “buy” rating and a $390.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $406.81.

In other Equinix news, Director Christopher B. Paisley sold 500 shares of the 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 document filed with the SEC, which is available through this link. Also, CEO Stephen M. Smith sold 3,650 shares of the stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $376.79, for a total value of $1,375,283.50. The disclosure for this sale can be found here. Insiders sold 27,211 shares of company stock worth $9,801,087 over the last ninety days. 0.69% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX).

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