Aviso Financial Inc. Increases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Aviso Financial Inc. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,514 shares of the financial services provider's stock after acquiring an additional 554 shares during the period. Aviso Financial Inc.'s holdings in Equinix were worth $2,370,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after acquiring an additional 5,910 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of Equinix by 63.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,487 shares of the financial services provider's stock worth $1,320,000 after acquiring an additional 575 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Equinix by 14.9% in the 3rd quarter. Victory Capital Management Inc. now owns 44,651 shares of the financial services provider's stock valued at $39,634,000 after acquiring an additional 5,786 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Equinix by 7.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,527 shares of the financial services provider's stock valued at $6,681,000 after purchasing an additional 528 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Equinix by 5.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,215 shares of the financial services provider's stock valued at $4,629,000 after buying an additional 268 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

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Equinix Stock Performance

NASDAQ:EQIX traded down $15.99 during trading hours on Tuesday, reaching $841.26. The stock had a trading volume of 691,896 shares, compared to its average volume of 528,934. The stock has a 50 day simple moving average of $910.74 and a 200 day simple moving average of $909.00. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The stock has a market cap of $81.88 billion, a P/E ratio of 98.39, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.23%. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is currently 219.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQIX shares. Stifel Nicolaus raised their price objective on Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research report on Monday, November 18th. Finally, Truist Financial lowered their target price on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average target price of $989.35.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 1,331 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,370 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.51, for a total value of $1,246,028.70. Following the transaction, the chief executive officer now directly owns 4,329 shares of the company's stock, valued at $3,937,268.79. The trade was a 24.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,054 shares of company stock valued at $17,466,950. Corporate insiders own 0.27% of the company's stock.

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.