Venturi Wealth Management LLC Purchases 470 Shares of Equinix, Inc. (NASDAQ:EQIX)

Venturi Wealth Management LLC grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,739 shares of the financial services provider's stock after purchasing an additional 470 shares during the quarter. Venturi Wealth Management LLC's holdings in Equinix were worth $1,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. grew its stake in shares of Equinix by 50.0% in the third 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 last quarter. Fortitude Family Office LLC boosted its stake in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock worth $35,000 after buying an additional 13 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Equinix during the fourth quarter worth $42,000. Dunhill Financial LLC boosted its stake in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in Equinix during the fourth quarter worth $47,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Transactions at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,456,770.00. Following the completion of the sale, the chief financial officer now owns 18,966 shares in the company, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,057 shares of company stock worth $21,345,223. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Shares of Equinix stock traded down $20.57 during trading on Friday, reaching $919.68. The company's stock had a trading volume of 664,034 shares, compared to its average volume of 505,680. The stock has a 50-day moving average price of $932.17 and a two-hundred day moving average price of $899.99. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock has a market capitalization of $89.51 billion, a P/E ratio of 107.56, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business 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 is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, February 26th. Equinix's payout ratio is presently 199.30%.

Analyst Ratings Changes

A number of research firms have weighed in on EQIX. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Stifel Nicolaus lifted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Oppenheimer lifted their price target 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. BMO Capital Markets decreased their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $994.82.

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.