Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Front Row Advisors LLC

Front Row Advisors LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,575 shares of the financial services provider’s stock after purchasing an additional 16 shares during the quarter. Equinix comprises 1.2% of Front Row Advisors LLC’s portfolio, making the stock its 20th largest position. Front Row Advisors LLC’s holdings in Equinix were worth $3,371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Equinix in the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new position in Equinix during the 4th quarter valued at approximately $39,000. Sierra Ocean LLC bought a new position in shares of Equinix in the fourth quarter worth $42,000. Dunhill Financial LLC raised 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 buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in Equinix during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 1,370 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the completion of the transaction, the chief executive officer now directly owns 4,329 shares in the company, valued at approximately $3,937,268.79. The trade was a 24.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays increased their target price on Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Oppenheimer boosted their price objective on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Truist Financial lowered their price objective on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, Scotiabank raised their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,007.59.

Equinix Stock Up 1.5 %

Shares of NASDAQ EQIX opened at $815.35 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $79.36 billion, a PE ratio of 95.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The firm has a fifty day simple moving average of $893.95 and a two-hundred day simple moving average of $908.64. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last released its earnings results 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%. Equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $4.69 dividend. 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 dividend on an annualized basis and a yield of 2.30%. Equinix’s dividend payout ratio is presently 219.42%.

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.