Slow Capital Inc. Grows Holdings in Equinix, Inc. (NASDAQ:EQIX)

Slow Capital Inc. lifted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,041 shares of the financial services provider's stock after purchasing an additional 457 shares during the quarter. Slow Capital Inc.'s holdings in Equinix were worth $4,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Equinix by 2.4% during the second quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider's stock worth $20,793,000 after buying an additional 647 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Equinix by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider's stock worth $50,303,000 after buying an additional 432 shares during the period. Quarry LP boosted its stake in Equinix by 124.6% during the second quarter. Quarry LP now owns 128 shares of the financial services provider's stock worth $97,000 after buying an additional 71 shares during the period. Ecofi Investissements SA purchased a new position in Equinix during the second quarter worth about $74,000. Finally, Truist Financial Corp boosted its stake in Equinix by 7.2% during the second quarter. Truist Financial Corp now owns 44,837 shares of the financial services provider's stock worth $33,924,000 after buying an additional 3,008 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 5,788 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the transaction, the chairman now directly owns 15,233 shares in the company, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares in the company, valued at approximately $5,886,959.95. This trade represents a 20.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,549 shares of company stock valued at $18,036,455. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 0.7 %

EQIX stock traded up $6.71 during midday trading on Tuesday, reaching $906.81. 734,114 shares of the company were exchanged, compared to its average volume of 552,954. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The stock's 50-day simple moving average is $944.33 and its 200 day simple moving average is $884.33. The company has a market cap of $87.50 billion, a price-to-earnings ratio of 81.77, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73.

Equinix Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.88%. Equinix's payout ratio is currently 153.65%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial increased their target price 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. Hsbc Global Res raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. JMP Securities began coverage on shares of Equinix in a research report on Monday. They set an "outperform" rating and a $1,200.00 price target on the stock. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday. Finally, Royal Bank of Canada increased their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Equinix has a consensus rating of "Moderate Buy" and an average price target of $997.53.

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.