Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,278 shares of the financial services provider’s stock after purchasing an additional 29 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Equinix were worth $1,205,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in Equinix in the 4th quarter valued at $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the 4th quarter worth $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the 4th quarter worth $42,000. Dunhill Financial LLC increased its stake in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the 4th quarter worth $47,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of Equinix stock opened at $855.33 on Thursday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a market cap of $83.25 billion, a PE ratio of 100.04, a P/E/G ratio of 1.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50-day simple moving average of $906.85 and a 200-day simple moving average of $908.67.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.19%. Equinix’s payout ratio is presently 219.42%.

Insider Buying and Selling

In other Equinix news, CEO Adaire Fox-Martin sold 1,370 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the sale, the chief executive officer now owns 4,329 shares in the company, valued at approximately $3,937,268.79. The trade was a 24.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 over the last 90 days. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EQIX shares. Oppenheimer raised their target price on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price target on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus target price of $989.35.

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.