Equinix, Inc. (NASDAQ:EQIX) Position Increased by Graypoint LLC

Graypoint LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 24.6% in the 4th quarter, Holdings Channel reports. The firm owned 799 shares of the financial services provider’s stock after purchasing an additional 158 shares during the quarter. Graypoint LLC’s holdings in Equinix were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its position in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Fortitude Family Office LLC boosted its position in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Meeder Asset Management Inc. acquired a new position in Equinix during the 2nd quarter worth $36,000. Sugarloaf Wealth Management LLC boosted its position in Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the period. Finally, Dunhill Financial LLC raised its stake in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $899.83 on Friday. The business’s fifty day moving average price is $941.47 and its two-hundred day moving average price is $870.45. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a market capitalization of $86.82 billion, a price-to-earnings ratio of 81.14, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio is currently 153.65%.

Insiders Place Their Bets

In other news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the transaction, the chief financial officer now owns 18,966 shares of the company’s stock, valued at $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now directly owns 6,505 shares in the company, valued at $5,886,959.95. This trade represents a 20.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,398 shares of company stock valued at $7,906,218. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. TD Cowen boosted their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Scotiabank boosted their price objective on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price target on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Finally, Barclays lifted their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

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.