Key Financial Inc Acquires 14 Shares of Equinix, Inc. (NASDAQ:EQIX)

Key Financial Inc increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 30.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 60 shares of the financial services provider’s stock after purchasing an additional 14 shares during the period. Key Financial Inc’s holdings in Equinix were worth $57,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kestra Investment Management LLC bought a new position in Equinix during the fourth quarter worth about $31,000. Venturi Wealth Management LLC grew its holdings in Equinix by 37.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,739 shares of the financial services provider’s stock worth $1,640,000 after purchasing an additional 470 shares during the period. Truist Financial Corp grew its holdings in Equinix by 6.6% during the fourth quarter. Truist Financial Corp now owns 48,320 shares of the financial services provider’s stock worth $45,560,000 after purchasing an additional 2,990 shares during the period. Blue Chip Partners LLC grew its holdings in Equinix by 1.6% during the fourth quarter. Blue Chip Partners LLC now owns 13,090 shares of the financial services provider’s stock worth $12,343,000 after purchasing an additional 212 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Equinix by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 14,788 shares of the financial services provider’s stock worth $13,943,000 after acquiring an additional 801 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EQIX shares. JMP Securities restated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Oppenheimer boosted their price objective on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. BMO Capital Markets reduced their price objective on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinix presently has an average rating of “Buy” and an average target price of $994.82.

Equinix Stock Down 0.3 %

Shares of EQIX opened at $931.04 on Wednesday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a market cap of $90.62 billion, a P/E ratio of 83.95, a P/E/G ratio of 2.23 and a beta of 0.72. 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 firm has a 50 day simple moving average of $933.56 and a two-hundred day simple moving average of $899.43.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Research analysts forecast that Equinix, Inc. will post 31.09 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. The ex-dividend date is Wednesday, February 26th. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.01%. Equinix’s dividend payout ratio is 219.42%.

Insider Transactions at Equinix

In other news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares in the company, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares of the company’s stock, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,701 shares of company stock worth $15,441,464. Corporate insiders own 0.27% of the company’s stock.

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.