Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its position in Equinix, Inc. (NASDAQ:EQIX) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,852 shares of the financial services provider’s stock after acquiring an additional 329 shares during the quarter. Equinix makes up approximately 1.4% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 20th largest position. Adell Harriman & Carpenter Inc.’s holdings in Equinix were worth $15,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. Valley National Advisers Inc. lifted its holdings in shares of Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in Equinix in the third quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in Equinix in the fourth quarter worth about $32,000. Operose Advisors LLC acquired a new stake in Equinix during the third quarter valued at approximately $36,000. Finally, Asset Dedication LLC raised its holdings in shares of Equinix by 92.6% during the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix 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 owns 7,968 shares in the company, valued at approximately $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were 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 can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,585 shares of company stock worth $3,818,268. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EQIX. BMO Capital Markets boosted 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. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Oppenheimer raised their price target on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Wolfe Research raised Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Company increased their price target on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Seven 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $862.50.

Equinix Price Performance

NASDAQ EQIX traded down $5.27 on Monday, hitting $726.34. 936,972 shares of the company were exchanged, compared to its average volume of 575,702. The firm has a 50 day moving average of $823.50 and a two-hundred day moving average of $803.40. The company has a market cap of $68.73 billion, a P/E ratio of 70.96, a P/E/G ratio of 1.89 and a beta of 0.58. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. 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 Announces Dividend

The firm also recently disclosed 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 was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.35%. Equinix’s payout ratio is presently 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.