Beacon Investment Advisory Services Inc. Increases Position in Equinix, Inc. (NASDAQ:EQIX)

Beacon Investment Advisory Services Inc. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,947 shares of the financial services provider’s stock after purchasing an additional 205 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Equinix were worth $5,608,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Inspire Trust Co. N.A. grew its position in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares in the last quarter. GS Investments Inc. lifted its stake in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after purchasing an additional 12 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 12 shares during the period. GHP Investment Advisors Inc. increased its stake in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX opened at $925.23 on Thursday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a market capitalization of $89.28 billion, a price-to-earnings ratio of 83.43, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. The business has a 50 day moving average price of $942.79 and a two-hundred day moving average price of $880.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were paid a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.84%. Equinix’s dividend payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQIX. Stifel Nicolaus lifted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Truist Financial raised their price target on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Finally, TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 341 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now directly owns 1,430 shares of the company’s stock, valued at $1,292,319.60. The trade was a 19.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the sale, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This 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 20,412 shares of company stock valued at $18,826,100 over the last three months. Company insiders own 0.27% of the company’s stock.

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.