Sanctuary Advisors LLC Purchases 664 Shares of Equinix, Inc. (NASDAQ:EQIX)

Sanctuary Advisors LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,378 shares of the financial services provider's stock after acquiring an additional 664 shares during the period. Sanctuary Advisors LLC's holdings in Equinix were worth $16,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Inspire Trust Co. N.A. lifted its stake in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 11 shares during the period. GS Investments Inc. raised its stake in Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock worth $2,087,000 after acquiring an additional 12 shares during the period. Ritholtz Wealth Management raised its stake in Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after acquiring an additional 12 shares during the period. Great Lakes Retirement Inc. raised its stake in Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after acquiring an additional 12 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock worth $35,000 after acquiring an additional 13 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Trading Down 2.2 %

NASDAQ EQIX traded down $20.57 on Friday, hitting $919.68. 664,034 shares of the stock were exchanged, compared to its average volume of 505,680. 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 stock has a fifty day moving average price of $931.27 and a two-hundred day moving average price of $901.04. The firm has a market capitalization of $89.51 billion, a P/E ratio of 107.56, a P/E/G ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS 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%. Research analysts forecast that Equinix, Inc. will post 33.1 EPS 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 2.04%. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is 199.30%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EQIX shares. Scotiabank decreased their target price on shares of Equinix from $1,114.00 to $1,033.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 13th. Barclays raised their target price on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday, November 18th. Oppenheimer raised their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $994.82.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the sale, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares of the company's stock, valued at $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,741 shares of company stock worth $21,988,532. 0.27% of the stock is currently owned by insiders.

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.