Level Four Advisory Services LLC Has $494,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Level Four Advisory Services LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524 shares of the financial services provider’s stock after buying an additional 20 shares during the quarter. Level Four Advisory Services LLC’s holdings in Equinix were worth $494,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. increased its position in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares during the period. Rothschild Investment LLC increased its holdings in shares of Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 11 shares during the period. Ritholtz Wealth Management raised its position in shares of Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares in the last quarter. Great Lakes Retirement Inc. boosted its stake in shares of Equinix by 1.2% in the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock valued at $920,000 after buying an additional 12 shares during the period. Finally, Lake Street Advisors Group LLC grew its position in Equinix by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider’s stock worth $713,000 after buying an additional 12 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EQIX shares. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Truist Financial decreased their target price on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Barclays upped their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Mizuho decreased their target price on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 target price on the stock in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus target price of $1,007.59.

Equinix Trading Up 1.5 %

EQIX opened at $815.35 on Tuesday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a fifty day moving average of $893.95 and a 200-day moving average of $908.64. The stock has a market cap of $79.36 billion, a PE ratio of 95.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

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

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.30%. Equinix’s dividend payout ratio is currently 219.42%.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the transaction, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is currently owned by company insiders.

Equinix 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.