EverSource Wealth Advisors LLC Grows Position in Equinix, Inc. (NASDAQ:EQIX)

EverSource Wealth Advisors LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 128.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 531 shares of the financial services provider's stock after acquiring an additional 299 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Equinix were worth $500,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EQIX. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the 4th quarter worth about $31,000. J.Safra Asset Management Corp purchased a new stake in shares of Equinix during the 4th quarter worth about $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter worth about $42,000. Dunhill Financial LLC lifted its stake in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Equinix in the 4th quarter valued at about $47,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Truist Financial decreased their price target on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Finally, Wells Fargo & Company decreased their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $989.35.

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Equinix Stock Up 1.7 %

EQIX stock traded up $14.07 during mid-day trading on Wednesday, reaching $855.33. The company had a trading volume of 1,061,400 shares, compared to its average volume of 531,287. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $83.25 billion, a price-to-earnings ratio of 100.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The firm has a fifty day simple moving average of $908.77 and a 200 day simple moving average of $909.04. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

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

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio (DPR) is 219.42%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the firm's 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 sale, the chief financial officer now directly owns 22,076 shares in the company, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,054 shares of company stock valued at $17,466,950. Corporate insiders own 0.27% of the company's stock.

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.