Courier Capital LLC Has $2.54 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Courier Capital LLC lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,148 shares of the financial services provider’s stock after selling 81 shares during the quarter. Courier Capital LLC’s holdings in Equinix were worth $2,535,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EQIX. Norges Bank acquired a new stake in Equinix in the 4th quarter worth about $725,557,000. Principal Financial Group Inc. raised its stake in Equinix by 44.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after purchasing an additional 431,435 shares in the last quarter. Morgan Stanley raised its stake in Equinix by 26.5% in the 4th quarter. Morgan Stanley now owns 854,549 shares of the financial services provider’s stock worth $559,756,000 after purchasing an additional 179,023 shares in the last quarter. Wellington Management Group LLP raised its stake in Equinix by 28.3% in the 1st quarter. Wellington Management Group LLP now owns 604,277 shares of the financial services provider’s stock worth $448,144,000 after purchasing an additional 133,132 shares in the last quarter. Finally, Barclays PLC raised its stake in Equinix by 157.5% in the 2nd quarter. Barclays PLC now owns 214,988 shares of the financial services provider’s stock worth $168,540,000 after purchasing an additional 131,503 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In related news, CEO Charles J. Meyers sold 7,174 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the transaction, the chief executive officer now owns 16,360 shares in the company, valued at approximately $13,090,944.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction 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 owns 1,242 shares in the company, valued at $1,034,548.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles J. Meyers sold 7,174 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the transaction, the chief executive officer now owns 16,360 shares in the company, valued at approximately $13,090,944.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,282 shares of company stock valued at $14,788,771. 0.32% of the stock is currently owned by insiders.

Equinix Trading Up 1.9 %

NASDAQ:EQIX opened at $815.31 on Thursday. The firm’s fifty day moving average is $849.93 and its 200-day moving average is $798.15. 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 52 week low of $672.88 and a 52 week high of $914.93. The firm has a market cap of $77.14 billion, a P/E ratio of 79.08, a P/E/G ratio of 1.91 and a beta of 0.59.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EQIX. Wells Fargo & Company boosted their target price on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Truist Financial boosted their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Barclays dropped their target price on shares of Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Morgan Stanley dropped their target price on shares of Equinix from $785.00 to $767.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. Finally, Oppenheimer lifted their price target on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $869.00.

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.