Horizon Investments LLC Acquires 59 Shares of Equinix, Inc. (NASDAQ:EQIX)

Horizon Investments LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,144 shares of the financial services provider’s stock after buying an additional 59 shares during the period. Horizon Investments LLC’s holdings in Equinix were worth $2,022,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Equinix during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $42,000. Dunhill Financial LLC boosted its holdings in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $47,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 341 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the transaction, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the transaction, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,054 shares of company stock worth $17,466,950. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 1.9 %

EQIX stock opened at $841.26 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $81.88 billion, a price-to-earnings ratio of 98.39, a PEG ratio of 1.78 and a beta of 0.74. The business’s fifty day moving average price is $908.77 and its two-hundred day moving average price is $909.04. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping 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, equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio (DPR) is presently 219.42%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Citizens Jmp raised Equinix to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company cut their price objective on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Truist Financial cut their price objective on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Finally, Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $989.35.

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.