Summit Trail Advisors LLC Has $445,000 Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Summit Trail Advisors LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 40.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 553 shares of the financial services provider’s stock after purchasing an additional 159 shares during the quarter. Summit Trail Advisors LLC’s holdings in Equinix were worth $445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in shares of 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 buying an additional 26 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in Equinix during the 3rd quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in Equinix in the 4th quarter valued at $32,000. Operose Advisors LLC acquired a new stake in shares of Equinix during the third quarter worth $36,000. Finally, Asset Dedication LLC boosted its position in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of Equinix 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 transaction, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Charles J. Meyers sold 2,110 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the sale, the chief executive officer now directly owns 10,115 shares in the company, valued at $8,422,659.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. 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. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

Shares of EQIX stock opened at $711.87 on Wednesday. The business’s 50-day moving average price is $800.46 and its 200-day moving average price is $802.10. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 69.05, a PEG ratio of 1.81 and a beta of 0.62.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

Analysts Set New Price Targets

Several research analysts have recently commented on EQIX shares. Royal Bank of Canada raised their target price on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $960.00 price target on shares of Equinix in a research note on Wednesday, March 13th. Barclays reduced their price objective on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Morgan Stanley reduced their price target on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Finally, HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus price target 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.