Kestra Private Wealth Services LLC Makes New $1.22 Million Investment in Equinix, Inc. (NASDAQ:EQIX)

Kestra Private Wealth Services LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,511 shares of the financial services provider’s stock, valued at approximately $1,217,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in Equinix by 17.8% in the fourth quarter. Van ECK Associates Corp now owns 17,299 shares of the financial services provider’s stock worth $13,932,000 after purchasing an additional 2,614 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in shares of Equinix by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 18,852 shares of the financial services provider’s stock worth $15,183,000 after acquiring an additional 329 shares during the period. Naviter Wealth LLC increased its position in Equinix by 23.4% during the fourth quarter. Naviter Wealth LLC now owns 6,603 shares of the financial services provider’s stock valued at $5,318,000 after acquiring an additional 1,251 shares during the last quarter. Blue Chip Partners LLC lifted its holdings in Equinix by 3.4% in the fourth quarter. Blue Chip Partners LLC now owns 11,426 shares of the financial services provider’s stock valued at $9,202,000 after acquiring an additional 381 shares during the period. Finally, Paradigm Financial Partners LLC boosted its position in Equinix by 5.6% in the fourth quarter. Paradigm Financial Partners LLC now owns 3,841 shares of the financial services provider’s stock worth $3,094,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the sale, the insider now directly owns 14,002 shares in the company, valued at approximately $11,661,425.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Equinix news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the transaction, the insider now directly owns 14,002 shares of the company’s stock, valued at $11,661,425.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Camp Peter Van sold 122 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock worth $3,818,268 over the last 90 days. 0.27% of the stock is owned by insiders.

Equinix Price Performance

Shares of Equinix stock opened at $700.18 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The stock has a 50 day moving average of $811.00 and a 200 day moving average of $801.59. The firm has a market cap of $66.25 billion, a PE ratio of 67.91, a PEG ratio of 1.79 and a beta of 0.62.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets lifted their target price on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada raised their price objective on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $862.50.

About Equinix

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.