Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 27 Shares of Equinix, Inc. (NASDAQ:EQIX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 793 shares of the financial services provider’s stock after selling 27 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Equinix were worth $658,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 worth $8,883,018,000 after buying an additional 34,926 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Equinix by 44.6% in the third quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after purchasing an additional 431,435 shares during the period. Northern Trust Corp grew its position in Equinix by 1.7% during the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after buying an additional 20,241 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Equinix by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,403 shares of the financial services provider’s stock worth $707,670,000 after acquiring an additional 35,333 shares during the last quarter. Finally, Morgan Stanley increased its stake in Equinix by 4.8% in the 3rd quarter. Morgan Stanley now owns 940,617 shares of the financial services provider’s stock worth $683,134,000 after acquiring an additional 43,143 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 0.3 %

Shares of NASDAQ:EQIX traded up $2.33 during midday trading on Tuesday, reaching $757.07. The company’s stock had a trading volume of 335,498 shares, compared to its average volume of 558,433. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $831.66 and a 200-day moving average of $803.12. The firm has a market capitalization of $71.63 billion, a P/E ratio of 73.20, a PEG ratio of 1.94 and a beta of 0.58. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Insider Buying and Selling at Equinix

In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were 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 directly 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 can be accessed through the SEC website. Also, CEO Charles J. Meyers sold 2,110 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares of the company’s stock, valued at $8,422,659.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,585 shares of company stock valued at $3,818,268. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Barclays reduced their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a report on Wednesday, March 20th. Finally, BMO Capital Markets upped their target price on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $862.50.

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.