GLOBALT Investments LLC GA Takes $4.96 Million Position in Equinix, Inc. (NASDAQ:EQIX)

GLOBALT Investments LLC GA bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,264 shares of the financial services provider's stock, valued at approximately $4,963,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in Equinix by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 7,402 shares of the financial services provider's stock worth $6,981,000 after acquiring an additional 254 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Equinix by 2.5% during the fourth quarter. Natixis Advisors LLC now owns 49,170 shares of the financial services provider's stock valued at $46,362,000 after acquiring an additional 1,202 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Equinix during the fourth quarter valued at approximately $2,742,000. First National Trust Co increased its position in Equinix by 3.8% in the fourth quarter. First National Trust Co now owns 7,539 shares of the financial services provider's stock worth $7,108,000 after buying an additional 276 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Equinix by 163.1% in the fourth quarter. First Eagle Investment Management LLC now owns 221 shares of the financial services provider's stock worth $208,000 after buying an additional 137 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

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Analysts Set New Price Targets

EQIX has been the subject of a number of analyst reports. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Citizens Jmp raised Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Scotiabank lifted their price objective on Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. BMO Capital Markets decreased their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price target on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $990.06.

Equinix Trading Down 0.4 %

EQIX traded down $3.61 on Thursday, hitting $851.72. The company had a trading volume of 532,758 shares, compared to its average volume of 529,094. The company has a market cap of $82.90 billion, a PE ratio of 99.62, a PEG ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business's fifty day simple moving average is $906.85 and its 200 day simple moving average is $908.67.

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

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is currently 219.42%.

Insider Buying and Selling

In related news, CEO Adaire Fox-Martin sold 1,370 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the transaction, the chief executive officer now owns 4,329 shares of the company's stock, valued at $3,937,268.79. The trade was a 24.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares of the company's stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,054 shares of company stock valued at $17,466,950 over the last 90 days. 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.