Equinix, Inc. (NASDAQ:EQIX) Holdings Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 20.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 378 shares of the financial services provider’s stock after acquiring an additional 64 shares during the quarter. Simon Quick Advisors LLC’s holdings in Equinix were worth $356,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Atomi Financial Group Inc. boosted its holdings in shares of Equinix by 23.9% in the fourth quarter. Atomi Financial Group Inc. now owns 4,340 shares of the financial services provider’s stock valued at $4,093,000 after acquiring an additional 836 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Equinix by 14.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,420 shares of the financial services provider’s stock worth $7,939,000 after purchasing an additional 1,082 shares during the period. Ballentine Partners LLC boosted its stake in Equinix by 7.5% during the 4th quarter. Ballentine Partners LLC now owns 1,174 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 82 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of Equinix by 38.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 4,420 shares of the financial services provider’s stock valued at $4,168,000 after purchasing an additional 1,219 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Equinix by 55.2% in the 4th quarter. UMB Bank n.a. now owns 194 shares of the financial services provider’s stock worth $183,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EQIX shares. TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their target price on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Barclays raised their target price on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $984.88.

Equinix Trading Up 1.7 %

NASDAQ:EQIX opened at $940.93 on Friday. The stock has a market cap of $90.79 billion, a PE ratio of 84.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50-day moving average is $942.79 and its two-hundred day moving average is $880.36.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Insider Buying and Selling at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This trade represents a 20.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,549 shares of company stock worth $18,036,455. 0.27% of the stock is currently owned by company insiders.

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.