Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Capital Analysts LLC

Capital Analysts LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.9% in the fourth quarter, HoldingsChannel reports. The fund owned 3,114 shares of the financial services provider’s stock after buying an additional 28 shares during the quarter. Capital Analysts LLC’s holdings in Equinix were worth $2,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in Equinix during the 3rd quarter worth approximately $29,000. Operose Advisors LLC acquired a new stake in Equinix during the 3rd quarter worth approximately $36,000. Asset Dedication LLC increased its position in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares in the last quarter. Finally, Quarry LP increased its position in Equinix by 237.5% during the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 1.2 %

Shares of NASDAQ:EQIX traded down $8.92 during midday trading on Tuesday, reaching $735.19. The company had a trading volume of 30,335 shares, compared to its average volume of 553,150. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The firm has a market cap of $69.56 billion, a price-to-earnings ratio of 72.17, a price-to-earnings-growth ratio of 1.82 and a beta of 0.58. The company has a fifty day simple moving average of $842.19 and a two-hundred day simple moving average of $802.12.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.32%. Equinix’s payout ratio is presently 165.28%.

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their price target on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Barclays decreased their price target on Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $960.00 price target on shares of Equinix in a report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $868.72.

Insiders Place Their Bets

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction dated 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 approximately $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at $19,314,307.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,282 shares of company stock worth $14,788,771. 0.32% of the stock is currently owned by company insiders.

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.