Metis Global Partners LLC Purchases 985 Shares of Equinix, Inc. (NASDAQ:EQIX)

Metis Global Partners LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 8.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,929 shares of the financial services provider’s stock after acquiring an additional 985 shares during the period. Metis Global Partners LLC’s holdings in Equinix were worth $10,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of Equinix by 9.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,999 shares of the financial services provider’s stock worth $3,631,000 after buying an additional 415 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Equinix by 5.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,129 shares of the financial services provider’s stock valued at $2,999,000 after purchasing an additional 201 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Equinix by 300.0% during the third quarter. FinTrust Capital Advisors LLC now owns 64 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 48 shares during the last quarter. Solstein Capital LLC boosted its position in shares of Equinix by 5.8% in the 3rd quarter. Solstein Capital LLC now owns 621 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 34 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Equinix by 9.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,694 shares of the financial services provider’s stock worth $71,678,000 after purchasing an additional 8,455 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

EQIX stock traded up $1.48 during trading on Friday, reaching $700.18. The stock had a trading volume of 762,548 shares, compared to its average volume of 698,429. The stock’s 50 day moving average is $807.36 and its two-hundred day moving average is $802.13. The firm has a market cap of $66.25 billion, a PE ratio of 67.91, a PEG ratio of 1.81 and a beta of 0.62. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Truist Financial increased their price objective on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. Barclays cut their price target on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $868.06.

Insider Activity at Equinix

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Meyers sold 2,110 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total value of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares in the company, valued at approximately $8,422,659.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,585 shares of company stock worth $3,818,268. 0.27% of the stock is owned by company insiders.

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.