Team Hewins LLC Makes New $289,000 Investment in Equinix, Inc. (NASDAQ:EQIX)

Team Hewins LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 359 shares of the financial services provider’s stock, valued at approximately $289,000.

Several other large investors have also recently made changes to their positions in EQIX. Valley National Advisers Inc. raised its stake in shares of Equinix by 260.0% during the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 26 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Equinix during the third quarter worth approximately $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Equinix during the fourth quarter worth approximately $32,000. Operose Advisors LLC purchased a new position in shares of Equinix during the third quarter worth approximately $36,000. Finally, Asset Dedication LLC increased its stake in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after buying an additional 25 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EQIX shares. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research note on Wednesday, March 20th. TD Cowen decreased their target price on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their target price on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their target price on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $874.44.

Read Our Latest Stock Analysis on EQIX

Insider Activity

In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the sale, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.2 %

Shares of EQIX stock traded down $1.41 during mid-day trading on Friday, reaching $766.12. 294,572 shares of the company’s stock traded hands, compared to its average volume of 843,054. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The company has a market cap of $72.71 billion, a P/E ratio of 76.84, a P/E/G ratio of 2.67 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $770.84 and its 200-day moving average price is $805.91.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Equinix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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