Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 370 shares of the financial services provider’s stock after buying an additional 68 shares during the quarter. Stonegate Investment Group LLC’s holdings in Equinix were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQIX. Providence Capital Advisors LLC acquired a new position in Equinix during the third quarter worth about $29,000. Operose Advisors LLC acquired a new position in Equinix during the third quarter worth about $36,000. Asset Dedication LLC grew its position in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 25 shares during the last quarter. Quarry LP grew its position in shares of Equinix by 237.5% in the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 38 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Equinix by 48.6% in the third quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 18 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, insider Michael Earl Campbell sold 2,199 shares of Equinix stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $799.92, for a total value of $1,759,024.08. Following the transaction, the insider now owns 14,067 shares in the company, valued at approximately $11,252,474.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the transaction, the chief executive officer now owns 16,360 shares in the company, valued at approximately $13,090,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Earl Campbell sold 2,199 shares of Equinix stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $799.92, for a total transaction of $1,759,024.08. Following the transaction, the insider now owns 14,067 shares in the company, valued at approximately $11,252,474.64. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock worth $14,788,771 in the last quarter. 0.32% of the stock is owned by insiders.

Equinix Stock Performance

NASDAQ:EQIX opened at $788.91 on Thursday. The company has a market cap of $74.65 billion, a P/E ratio of 76.52, a P/E/G ratio of 1.91 and a beta of 0.58. The firm’s 50 day moving average is $851.18 and its two-hundred day moving average is $799.44. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.16%. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Wall Street Analyst Weigh In

EQIX has been the topic of several research reports. Barclays lowered their price target on shares of Equinix from $788.00 to $781.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Wolfe Research upgraded shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada increased their price target on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research report on Wednesday, March 20th. Finally, Oppenheimer increased their price target on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $868.72.

Check Out Our Latest Analysis on Equinix

Equinix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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