Signaturefd LLC Purchases 151 Shares of Equinix, Inc. (NASDAQ:EQIX)

Signaturefd LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,173 shares of the financial services provider’s stock after acquiring an additional 151 shares during the period. Signaturefd LLC’s holdings in Equinix were worth $945,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Carmel Capital Partners LLC increased its stake in Equinix by 15.7% during the 4th quarter. Carmel Capital Partners LLC now owns 421 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 57 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Equinix by 27.8% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 103 shares in the last quarter. Grandfield & Dodd LLC acquired a new stake in shares of Equinix in the 4th quarter worth about $211,000. abrdn plc lifted its position in Equinix by 2.2% in the 4th quarter. abrdn plc now owns 259,662 shares of the financial services provider’s stock valued at $209,129,000 after acquiring an additional 5,617 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in Equinix by 3.6% during the 4th quarter. Greenleaf Trust now owns 1,572 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 729 shares of the 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 sale, the insider now owns 14,002 shares in the company, valued at $11,661,425.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following 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 document filed with the SEC, which is available at this link. Also, EVP Scott Crenshaw sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the transaction, the executive vice president now directly owns 1,242 shares of the company’s stock, valued at approximately $1,034,548.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,585 shares of company stock worth $3,818,268. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $754.74 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $71.41 billion, a PE ratio of 73.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.58. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93. The firm’s 50-day simple moving average is $831.66 and its two-hundred day simple moving average is $803.12.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent research reports. Barclays decreased their price target on Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. BMO Capital Markets raised their price target on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Stifel Nicolaus restated a “buy” rating and set a $960.00 price target on shares of Equinix in a report on Wednesday, March 13th. Oppenheimer increased their price objective on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Seven investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $862.50.

About Equinix

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.