Premier Path Wealth Partners LLC Raises Position in Equinix, Inc. (NASDAQ:EQIX)

Premier Path Wealth Partners LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 575 shares of the financial services provider’s stock after buying an additional 25 shares during the period. Premier Path Wealth Partners LLC’s holdings in Equinix were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Inspire Trust Co. N.A. grew its holdings in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares during the period. GS Investments Inc. boosted its position in shares of Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after purchasing an additional 12 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 12 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other news, CFO Keith D. Taylor sold 3,184 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the transaction, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at $20,085,186.32. The trade was a 12.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,412 shares of company stock worth $18,826,100. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. HSBC raised Equinix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. JPMorgan Chase & Co. raised their price target on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus raised their target price on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $976.81.

Equinix Stock Performance

NASDAQ EQIX opened at $915.59 on Friday. The business’s 50-day moving average price is $941.64 and its 200 day moving average price is $875.87. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a market capitalization of $88.35 billion, a PE ratio of 82.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were given a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. Equinix’s dividend payout ratio is presently 153.65%.

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.