Quaero Capital S.A. Acquires Shares of 2,100 Equinix, Inc. (NASDAQ:EQIX)

Quaero Capital S.A. acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,100 shares of the financial services provider’s stock, valued at approximately $1,691,000. Equinix makes up approximately 1.8% of Quaero Capital S.A.’s portfolio, making the stock its 17th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Braun Stacey Associates Inc. increased its position in shares of Equinix by 12.5% during the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock valued at $25,938,000 after buying an additional 3,591 shares during the period. Nordea Investment Management AB increased its holdings in Equinix by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after acquiring an additional 12,129 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of Equinix by 127.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock valued at $1,130,000 after acquiring an additional 787 shares in the last quarter. TIAA Trust National Association raised its position in shares of Equinix by 126.8% during the 4th quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 2,372 shares in the last quarter. Finally, DNB Asset Management AS raised its position in Equinix by 20.3% during the fourth quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock valued at $19,699,000 after purchasing an additional 4,132 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $29.10 during midday trading on Wednesday, reaching $772.14. The stock had a trading volume of 386,664 shares, compared to its average volume of 556,053. The company has a market capitalization of $73.06 billion, a price-to-earnings ratio of 77.71, a price-to-earnings-growth ratio of 1.88 and a beta of 0.58. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93. The stock has a 50-day moving average of $848.15 and a 200-day moving average of $800.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.21%. Equinix’s payout ratio is presently 165.28%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Wells Fargo & Company boosted their price objective on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wolfe Research raised Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a research note on Wednesday, March 20th. Finally, Oppenheimer lifted their price objective on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $868.72.

Insider Buying and Selling at Equinix

In other news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the transaction, the executive vice president now owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares in the company, valued at approximately $19,314,307.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Crenshaw sold 460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the transaction, the executive vice president now directly owns 1,242 shares of the company’s stock, valued at approximately $1,034,548.74. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock valued at $14,788,771 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

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.