Wealth Alliance Acquires 106 Shares of Equinix, Inc. (NASDAQ:EQIX)

Wealth Alliance boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 853 shares of the financial services provider’s stock after purchasing an additional 106 shares during the quarter. Wealth Alliance’s holdings in Equinix were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Equinix by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after acquiring an additional 34,926 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Equinix by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 2,004,008 shares of the financial services provider’s stock valued at $1,441,837,000 after acquiring an additional 23,150 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after acquiring an additional 431,435 shares during the last quarter. Northern Trust Corp boosted its position in shares of Equinix by 1.7% during the 3rd quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock valued at $862,790,000 after acquiring an additional 20,241 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Equinix during the 4th quarter valued at approximately $725,557,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

Shares of Equinix stock opened at $734.56 on Thursday. The firm has a market cap of $69.50 billion, a P/E ratio of 71.25, a P/E/G ratio of 1.92 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The stock’s fifty day moving average price is $838.03 and its 200-day moving average price is $801.76.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Insider Activity at Equinix

In related news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the sale, the insider now directly owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock valued at $3,818,268 over the last quarter. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EQIX shares. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada increased their price target on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a report on Wednesday, March 20th. Barclays decreased their price target on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets increased their price target on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average price target of $862.50.

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.