Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 377 shares of the financial services provider’s stock after purchasing an additional 14 shares during the period. Sage Mountain Advisors LLC’s holdings in Equinix were worth $304,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Balentine LLC raised its stake in shares of Equinix by 0.8% during the third quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 14 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Equinix by 0.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock worth $2,021,000 after acquiring an additional 15 shares during the period. Legacy Advisors LLC boosted its holdings in shares of Equinix by 1.6% in the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 15 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in shares of Equinix by 0.8% during the third quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock worth $1,396,000 after acquiring an additional 16 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in Equinix by 3.6% during the third quarter. Financial Advocates Investment Management now owns 459 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 16 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Camp Peter Van sold 122 shares of Equinix 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 completion of the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the transaction, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction 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 $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock worth $3,818,268 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Royal Bank of Canada upped their price objective on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Wells Fargo & Company increased their price objective on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Barclays decreased their target price on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Finally, BMO Capital Markets increased their price target on shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $862.50.

Equinix Trading Up 0.9 %

Shares of EQIX opened at $754.74 on Tuesday. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $831.66 and a 200-day simple moving average of $803.12. The stock has a market cap of $71.41 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.58.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.26%. Equinix’s dividend payout ratio (DPR) is 165.28%.

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.