Xponance Inc. Acquires 137 Shares of Equinix, Inc. (NASDAQ:EQIX)

Xponance Inc. raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,805 shares of the financial services provider’s stock after buying an additional 137 shares during the quarter. Xponance Inc.’s holdings in Equinix were worth $13,535,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EQIX. Valley National Advisers Inc. grew its position in shares of Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after buying an additional 26 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Equinix in the 3rd quarter valued at approximately $29,000. Operose Advisors LLC purchased a new position in shares of Equinix in the 3rd quarter valued at approximately $36,000. Asset Dedication LLC lifted its stake in shares of Equinix by 92.6% in the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 25 shares during the period. Finally, Quarry LP lifted its stake in shares of Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 38 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction 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 completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the sale, the chief financial officer now owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock valued at $3,818,268 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Equinix Stock Performance

Shares of EQIX traded up $2.65 during trading hours on Friday, hitting $742.50. The stock had a trading volume of 42,721 shares, compared to its average volume of 552,310. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The firm has a market capitalization of $70.26 billion, a PE ratio of 71.76, a PEG ratio of 1.90 and a beta of 0.58. The stock has a fifty day moving average price of $835.72 and a 200 day moving average price of $801.33.

Equinix Announces Dividend

The company 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 dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. BMO Capital Markets raised their target price on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research note on Wednesday, March 20th. Barclays lowered their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research note on Wednesday. Morgan Stanley lowered their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Finally, Wells Fargo & Company lifted their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $862.50.

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.