UNIVEST FINANCIAL Corp Has $4.60 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

UNIVEST FINANCIAL Corp boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,879 shares of the financial services provider’s stock after purchasing an additional 466 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Equinix were worth $4,600,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after acquiring an additional 5,910 shares during the period. Cerity Partners LLC increased its holdings in shares of Equinix by 64.7% during the 3rd quarter. Cerity Partners LLC now owns 9,728 shares of the financial services provider’s stock worth $8,635,000 after purchasing an additional 3,820 shares during the period. Larson Financial Group LLC raised its position in shares of Equinix by 80.0% during the third quarter. Larson Financial Group LLC now owns 108 shares of the financial services provider’s stock valued at $96,000 after buying an additional 48 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Equinix by 34.4% in the third quarter. Summit Trail Advisors LLC now owns 809 shares of the financial services provider’s stock valued at $718,000 after buying an additional 207 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Equinix by 3,780.0% during the third quarter. Loomis Sayles & Co. L P now owns 194 shares of the financial services provider’s stock worth $172,000 after buying an additional 189 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 341 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Truist Financial decreased their target price on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Barclays upped their price target on shares of Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has an average rating of “Buy” and a consensus target price of $990.06.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $841.22 on Wednesday. The company’s fifty day moving average price is $901.48 and its 200-day moving average price is $909.76. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $81.88 billion, a price-to-earnings ratio of 98.39, a PEG ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, February 26th. Equinix’s dividend payout ratio is currently 219.42%.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.