Union Bancaire Privee UBP SA Makes New Investment in Equinix, Inc. (NASDAQ:EQIX)

Union Bancaire Privee UBP SA purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,065 shares of the financial services provider’s stock, valued at approximately $4,540,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Equinix by 13.5% in the fourth quarter. Blue Trust Inc. now owns 2,348 shares of the financial services provider’s stock worth $2,084,000 after buying an additional 279 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of Equinix in the 4th quarter valued at $209,000. Drive Wealth Management LLC grew its holdings in shares of Equinix by 5.7% during the 4th quarter. Drive Wealth Management LLC now owns 447 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 24 shares during the last quarter. Blue Square Asset Management LLC raised its position in Equinix by 1.9% in the 4th quarter. Blue Square Asset Management LLC now owns 2,266 shares of the financial services provider’s stock worth $2,137,000 after purchasing an additional 43 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in Equinix by 7.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 371 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 27 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.0 %

Shares of NASDAQ:EQIX opened at $940.85 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $90.78 billion, a PE ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The business’s fifty day simple moving average is $944.51 and its 200-day simple moving average is $882.86.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Insider Activity at Equinix

In other news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. 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 1,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the sale, the chief financial officer now directly owns 18,966 shares in the company, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,549 shares of company stock valued at $18,036,455 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EQIX shares. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Truist Financial lifted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Barclays increased their price target on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Wells Fargo & Company upped their price target on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $984.88.

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.