543 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 543 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other large investors have also recently modified their holdings of the business. Balentine LLC lifted its stake in shares of Equinix by 0.8% in the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after acquiring an additional 14 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of Equinix by 3.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Equinix by 0.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after acquiring an additional 15 shares during the last quarter. Legacy Advisors LLC lifted its stake in shares of Equinix by 1.6% in the 3rd quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 15 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV lifted its stake in shares of Equinix by 0.8% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock valued at $1,396,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix 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 transaction, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix 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 transaction, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders sold a total of 4,585 shares of company stock worth $3,818,268 in the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.9 %

Shares of EQIX traded down $6.28 during trading hours on Monday, hitting $693.90. The stock had a trading volume of 281,242 shares, compared to its average volume of 590,341. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $807.36 and a 200-day simple moving average of $802.13. The firm has a market capitalization of $65.66 billion, a P/E ratio of 67.91, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.46%. Equinix’s dividend payout ratio is presently 165.28%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research reports. Truist Financial increased their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Oppenheimer raised their target price on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research report on Wednesday, March 20th. BMO Capital Markets raised their target price on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley lowered their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Seven equities research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $870.44.

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.