Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Syon Capital LLC

Syon Capital LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 517 shares of the financial services provider’s stock after acquiring an additional 43 shares during the period. Syon Capital LLC’s holdings in Equinix were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Valley National Advisers Inc. grew its holdings in Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares during the period. Providence Capital Advisors LLC acquired a new stake in Equinix in the 3rd quarter valued at $29,000. Criterion Capital Advisors LLC purchased a new stake in Equinix in the 4th quarter worth $32,000. Operose Advisors LLC acquired a new position in Equinix during the third quarter worth $36,000. Finally, Asset Dedication LLC raised its position in Equinix by 92.6% during the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. Stifel Nicolaus reissued a “buy” rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Truist Financial boosted 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. Wells Fargo & Company raised their target price on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price target on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets raised their price objective on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $862.50.

Insiders Place Their Bets

In related news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at $19,314,307.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s 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 sale, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at $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 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.9 %

Shares of EQIX opened at $731.61 on Friday. The company’s 50-day simple moving average is $823.50 and its 200-day simple moving average is $802.62. 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 1 year low of $672.88 and a 1 year high of $914.93. The stock has a market capitalization of $69.22 billion, a PE ratio of 70.96, a P/E/G ratio of 1.90 and a beta of 0.58.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.33%. Equinix’s dividend payout ratio is presently 165.28%.

Equinix Company 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.