CX Institutional Purchases 15 Shares of Equinix, Inc. (NASDAQ:EQIX)

CX Institutional raised its position in Equinix, Inc. (NASDAQ:EQIX) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 372 shares of the financial services provider’s stock after buying an additional 15 shares during the quarter. CX Institutional’s holdings in Equinix were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after acquiring an additional 813,666 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Equinix by 89,348.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after acquiring an additional 398,494 shares in the last quarter. Adelante Capital Management LLC lifted its stake in Equinix by 202.3% in the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after acquiring an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after acquiring an additional 203,656 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Equinix by 21.5% during the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock worth $682,826,000 after purchasing an additional 159,576 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $940.85 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $944.51 and its two-hundred day moving average price is $882.86. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The firm has a market cap of $90.78 billion, a price-to-earnings ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s payout ratio is 153.65%.

Insider Activity

In related news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,549 shares of company stock worth $18,036,455. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Scotiabank boosted their price target on Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $984.88.

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.