260 Shares in Equinix, Inc. (NASDAQ:EQIX) Purchased by Keel Point LLC

Keel Point LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 260 shares of the financial services provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. grew its holdings 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 acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter valued at $29,000. Operose Advisors LLC purchased a new position in Equinix in the 3rd quarter worth about $36,000. Asset Dedication LLC raised its holdings 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 buying an additional 25 shares during the period. Finally, Quarry LP lifted its stake in Equinix by 237.5% during the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after buying an additional 38 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Down 1.0 %

Equinix stock opened at $734.56 on Thursday. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The company’s fifty day moving average price is $838.03 and its two-hundred day moving average price is $801.76. The company has a market capitalization of $69.50 billion, a price-to-earnings ratio of 71.25, a PEG ratio of 1.92 and a beta of 0.58. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors 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 2.32%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

Insider Buying and Selling

In other news, EVP Scott Crenshaw sold 460 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the sale, the executive vice president now directly owns 1,242 shares in the company, valued at $1,034,548.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Charles J. Meyers sold 2,110 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares in the company, valued at $8,422,659.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares in the company, valued at approximately $1,034,548.74. 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. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 price objective on shares of Equinix in a research report on Wednesday, March 13th. Royal Bank of Canada lifted their price target on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Truist Financial increased their price objective on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company raised their price objective on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Seven 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 stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $862.50.

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.