Private Advisor Group LLC Raises Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Private Advisor Group LLC increased its position in Equinix, Inc. (NASDAQ:EQIX) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the financial services provider’s stock after acquiring an additional 229 shares during the quarter. Private Advisor Group LLC’s holdings in Equinix were worth $3,037,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of Equinix by 11.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,527 shares of the financial services provider’s stock worth $1,440,000 after acquiring an additional 157 shares during the last quarter. Key Financial Inc boosted its position in shares of Equinix by 30.4% during the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 14 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Equinix in the fourth quarter worth $31,000. Venturi Wealth Management LLC raised its position in shares of Equinix by 37.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,739 shares of the financial services provider’s stock valued at $1,640,000 after buying an additional 470 shares in the last quarter. Finally, Truist Financial Corp raised its position in Equinix by 6.6% during the fourth quarter. Truist Financial Corp now owns 48,320 shares of the financial services provider’s stock valued at $45,560,000 after purchasing an additional 2,990 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,741 shares of company stock worth $21,988,532. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $909.01 on Tuesday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company’s 50 day simple moving average is $930.29 and its 200-day simple moving average is $903.41. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of 106.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $4.69 per share. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.06%. Equinix’s payout ratio is presently 219.42%.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company decreased their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets dropped their target price on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $994.82.

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.