Legacy Capital Wealth Partners LLC Purchases 297 Shares of Equinix, Inc. (NASDAQ:EQIX)

Legacy Capital Wealth Partners LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 94.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 612 shares of the financial services provider’s stock after acquiring an additional 297 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Equinix were worth $543,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Capital Group lifted its position in shares of Equinix by 2.3% during the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after buying an additional 13 shares during the last quarter. MRA Advisory Group boosted its stake in shares of Equinix by 3.2% in the 2nd quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 13 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC increased its position in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 14 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

EQIX stock opened at $921.06 on Monday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. The stock has a market capitalization of $88.87 billion, a PE ratio of 83.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.71. The company’s 50-day moving average is $877.98 and its 200-day moving average is $811.74. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. TD Cowen increased their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Truist Financial raised their price objective on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Five equities research 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 stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average price target of $944.63.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the sale, the insider now directly owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares in the company, valued at $5,886,959.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares in the company, valued at $6,328,089.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,632 shares of company stock worth $10,633,777 in the last quarter. Insiders own 0.27% of the company’s stock.

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.