Lindbrook Capital LLC Has $381,000 Holdings in Equinix, Inc. (NASDAQ:EQIX)

Lindbrook Capital LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 27.8% in the fourth quarter, HoldingsChannel reports. The firm owned 473 shares of the financial services provider’s stock after acquiring an additional 103 shares during the period. Lindbrook Capital LLC’s holdings in Equinix were worth $381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Braun Stacey Associates Inc. increased its stake in shares of Equinix by 12.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock valued at $25,938,000 after buying an additional 3,591 shares during the period. Nordea Investment Management AB boosted its position in shares of Equinix by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after purchasing an additional 12,129 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Equinix by 127.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock worth $1,130,000 after purchasing an additional 787 shares during the last quarter. TIAA Trust National Association boosted its position in shares of Equinix by 126.8% in the 4th quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock worth $3,417,000 after purchasing an additional 2,372 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Equinix by 20.3% in the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock worth $19,699,000 after purchasing an additional 4,132 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EQIX shares. Truist Financial raised their price target on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company raised their price target on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Oppenheimer raised their price target on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Barclays reduced their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, Morgan Stanley reduced their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix Trading Up 1.1 %

Shares of NASDAQ:EQIX opened at $748.00 on Monday. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93. The stock has a market cap of $70.78 billion, a PE ratio of 72.55, a P/E/G ratio of 1.94 and a beta of 0.58. The business has a 50 day moving average of $833.57 and a 200-day moving average of $802.88. 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. Investors of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is currently 165.28%.

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 729 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the sale, the insider now directly owns 14,002 shares in the company, valued at $11,661,425.68. The sale was disclosed in a filing with the SEC, which is available at this link. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was 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 $6,622,364.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the transaction, the insider now owns 14,002 shares of the company’s stock, valued at $11,661,425.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,585 shares of company stock worth $3,818,268. Company 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.