Oak Ridge Investments LLC Purchases 471 Shares of Equinix, Inc. (NASDAQ:EQIX)

Oak Ridge Investments LLC grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,537 shares of the financial services provider's stock after acquiring an additional 471 shares during the quarter. Oak Ridge Investments LLC's holdings in Equinix were worth $7,107,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in 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 buying an additional 13 shares during the period. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 20 shares during the period. Dunhill Financial LLC raised its position in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after purchasing an additional 25 shares in the last quarter. Finally, Webster Bank N. A. lifted its stake in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider's stock worth $45,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays boosted their price target on Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Hsbc Global Res raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Truist Financial lifted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a research note on Friday, November 29th. Three 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $976.81.

Equinix Trading Down 0.5 %

Equinix stock traded down $4.30 during midday trading on Friday, hitting $915.59. 623,359 shares of the stock were exchanged, compared to its average volume of 411,459. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $88.34 billion, a PE ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. The company has a fifty day simple moving average of $941.64 and a two-hundred day simple moving average of $876.70.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the sale, the chief financial officer now owns 18,966 shares of the company's stock, valued at $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Pletcher sold 341 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the sale, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,412 shares of company stock valued at $18,826,100. Company insiders own 0.27% of the company's stock.

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.