Arthur M. Cohen & Associates LLC Purchases 459 Shares of Equinix, Inc. (NASDAQ:EQIX)

Arthur M. Cohen & Associates LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,857 shares of the financial services provider's stock after purchasing an additional 459 shares during the quarter. Arthur M. Cohen & Associates LLC's holdings in Equinix were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EQIX. State Street Corp raised its position in shares of Equinix by 1.4% in the third quarter. State Street Corp now owns 5,826,082 shares of the financial services provider's stock valued at $5,171,405,000 after purchasing an additional 81,941 shares during the period. Geode Capital Management LLC raised its holdings in Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock worth $2,079,591,000 after acquiring an additional 33,277 shares during the period. Principal Financial Group Inc. lifted its position in Equinix by 0.3% during the 3rd 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 last quarter. JPMorgan Chase & Co. boosted its holdings in Equinix by 17.9% during the third 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Equinix by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider's stock valued at $1,006,724,000 after purchasing an additional 53,729 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on EQIX. Hsbc Global Res raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. TD Cowen upped their price target on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Truist Financial raised their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, November 29th. Evercore ISI upped their target price on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Cfra restated a "hold" rating on shares of Equinix in a research report on Tuesday, September 24th. Three research 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $976.81.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the transaction, the insider now owns 8,231 shares of the company's stock, valued at approximately $7,531,365. This represents a 9.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares of the company's stock, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,412 shares of company stock worth $18,826,100. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Shares of Equinix stock traded down $4.30 during mid-day trading on Friday, reaching $915.59. 623,359 shares of the stock were exchanged, compared to its average volume of 411,459. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a market cap of $88.34 billion, a price-to-earnings ratio of 82.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The firm has a 50-day simple moving average of $941.64 and a 200 day simple moving average of $876.70. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. Equinix's dividend payout ratio is 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.