Cerity Partners LLC Acquires 1,253 Shares of Equinix, Inc. (NASDAQ:EQIX)

Cerity Partners LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 63.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,242 shares of the financial services provider’s stock after acquiring an additional 1,253 shares during the quarter. Cerity Partners LLC’s holdings in Equinix were worth $2,611,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 26 shares in the last quarter. Providence Capital Advisors LLC bought a new position in shares of Equinix during the 3rd quarter worth approximately $29,000. Operose Advisors LLC purchased a new stake in Equinix during the 3rd quarter worth approximately $36,000. Asset Dedication LLC raised its holdings in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after buying an additional 25 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Equinix by 237.5% in the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after buying an additional 38 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $739.85 on Friday. The company’s 50-day moving average price is $835.72 and its 200-day moving average price is $801.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $70.00 billion, a P/E ratio of 71.76, a P/E/G ratio of 1.92 and a beta of 0.58. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Insiders Place Their Bets

In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix 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 transaction, the chairman now directly 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 available through the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix 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 transaction, the chairman now directly 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 available through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at $19,314,307.26. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock valued at $3,818,268 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $960.00 price target on shares of Equinix in a report on Wednesday, March 13th. Morgan Stanley decreased their price target on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Truist Financial raised their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Oppenheimer raised their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Finally, Barclays decreased their price target on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix 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.