Global Retirement Partners LLC Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Global Retirement Partners LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,527 shares of the financial services provider’s stock after acquiring an additional 157 shares during the period. Global Retirement Partners LLC’s holdings in Equinix were worth $1,440,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Key Financial Inc boosted its stake in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after buying an additional 14 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Equinix in the 4th quarter worth approximately $31,000. Venturi Wealth Management LLC raised its holdings in shares of Equinix by 37.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,739 shares of the financial services provider’s stock worth $1,640,000 after acquiring an additional 470 shares in the last quarter. Truist Financial Corp boosted its position in shares of Equinix by 6.6% during the 4th quarter. Truist Financial Corp now owns 48,320 shares of the financial services provider’s stock valued at $45,560,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Blue Chip Partners LLC grew its holdings in shares of Equinix by 1.6% in the fourth quarter. Blue Chip Partners LLC now owns 13,090 shares of the financial services provider’s stock valued at $12,343,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 222 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares of the company’s stock, valued at $976,633. The trade was a 17.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,741 shares of company stock valued at $21,988,532 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Scotiabank decreased their target price on shares of Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 13th. Barclays lifted their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Truist Financial upped their price objective on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus price target of $994.82.

Equinix Trading Down 2.2 %

NASDAQ EQIX opened at $919.68 on Friday. The stock has a market cap of $89.51 billion, a PE ratio of 107.56, a PEG ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company’s 50-day moving average price is $931.27 and its 200-day moving average price is $901.04. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last issued 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 net margin of 9.32% and a return on equity of 6.31%. Equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is presently 199.30%.

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.