Equinix, Inc. (NASDAQ:EQIX) enjoyed a 55.36% run-up in share price since hitting record low of $314.55. The stock managed 4.63% rise and now stands at $488.68 as of Nov. 2, 2017. At recent session, the prices were hovering between $476.4 and $491.8. This company shares are 2.92% off its target price of $502.95 and the current market capitalization stands at $37.9B. The recent change has given its price a 6.9% lead over SMA 50 and 2.82% lead over its 52-week high. The stock witnessed 10.32% gains, 9.67% gains and 14.65% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EQIX’s volatility during a week at 1.62% and during a month it has been found around 1.59%.Equinix, Inc. (EQIX) Top Holders
Institutional investors currently hold around $36.57 billion or 0% in EQIX stock. Look at its top three institutional owners. Vanguard Group Inc owns $5.7 billion in Equinix, Inc., which represents roughly 15.05% of the company’s market cap and approximately 15.6% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 6,123,605 shares of the stock are valued at $2.86 billion. The third largest holder is Cohen & Steers Inc, which currently holds $1.71 billion worth of this stock and that ownership represents nearly 4.52% of its market capitalization.
At the end of 06/30/2017 reporting period, 279 institutional holders increased their position in Equinix, Inc. (NASDAQ:EQIX) by some 5,116,445 shares, 204 decreased positions by 4,695,264 and 74 held positions by 68,475,286. That puts total institutional holdings at 78,286,995 shares, according to SEC filings. The stock grabbed 60 new institutional investments totaling 754,518 shares while 34 institutional investors sold out their entire positions totaling 209,568 shares.Equinix, Inc. (NASDAQ:EQIX) Insider Trades
Multiple company employees have indulged in significant insider trading. Equinix, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Taylor Keith D has sold 1,500 shares of Equinix, Inc. (EQIX) in trading session dated Oct. 27, 2017. These shares are worth $683,130 and were traded at $455.42 each. The SEC filing shows that Campbell Michael Earl performed a sale of 200 shares. The Chief Sales Officer disposed these shares by way of transaction on Oct. 16, 2017. The company’s shares were given away at $463.61 per share worth to an income of some $92,722 on account of Campbell Michael Earl.
CFO, Taylor Keith D, sold 1,500 common shares of Equinix, Inc. (EQIX) in the open market. In a transaction dated Sep. 27, 2017, the shares were put up for sale at an average price of $438.46, raking in a sum of $657,690. After this sale, 29,996 common shares of EQIX are directly owned by the insider, with total stake valued at $14,658,445.
In the transaction dated Sep. 05, 2017, the great number of shares disposed came courtesy the COO; Meyers Charles J disposed a total of 1,090 shares at an average price of $459.8, amounting to approximately $501,182. The insider now directly owns 1,207 shares worth $589,837.Equinix, Inc. (EQIX) Analyst Guide
Several analysts have released their opinion on Equinix, Inc. (NASDAQ:EQIX), with 15 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.45 average brokerage recommendation.