Cedar Brook Financial Partners LLC Has $415,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Cedar Brook Financial Partners LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 530 shares of the financial services provider’s stock after buying an additional 16 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Equinix were worth $415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Equinix by 1.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,162 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 14 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Equinix by 20.3% during the 1st quarter. AdvisorNet Financial Inc now owns 83 shares of the financial services provider’s stock worth $60,000 after buying an additional 14 shares during the period. Glassman Wealth Services boosted its holdings in shares of Equinix by 14.6% during the 1st quarter. Glassman Wealth Services now owns 110 shares of the financial services provider’s stock worth $79,000 after buying an additional 14 shares during the period. GS Investments Inc. boosted its holdings in shares of Equinix by 0.6% during the 1st quarter. GS Investments Inc. now owns 2,323 shares of the financial services provider’s stock worth $1,675,000 after buying an additional 14 shares during the period. Finally, Equitable Holdings Inc. boosted its holdings in shares of Equinix by 0.5% during the 1st quarter. Equitable Holdings Inc. now owns 3,085 shares of the financial services provider’s stock worth $2,224,000 after buying an additional 14 shares during the period. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $758.00, for a total value of $758,000.00. Following the completion of the transaction, the chief financial officer now directly owns 22,177 shares in the company, valued at approximately $16,810,166. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Fidelma Russo sold 365 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $777.08, for a total transaction of $283,634.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $758.00, for a total transaction of $758,000.00. Following the sale, the chief financial officer now owns 22,177 shares of the company’s stock, valued at $16,810,166. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,584 shares of company stock worth $8,952,535. 0.32% of the stock is currently owned by company insiders.

Equinix Trading Up 1.7 %

Shares of NASDAQ EQIX opened at $782.17 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.02 and a current ratio of 2.02. Equinix, Inc. has a 52-week low of $494.89 and a 52-week high of $821.63. The firm has a 50 day moving average price of $781.77 and a two-hundred day moving average price of $743.14. The stock has a market cap of $73.19 billion, a P/E ratio of 90.22, a price-to-earnings-growth ratio of 1.85 and a beta of 0.65.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a $3.41 dividend. This represents a $13.64 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, August 22nd. Equinix’s dividend payout ratio (DPR) is currently 157.32%.

Analysts Set New Price Targets

Several analysts recently commented on EQIX shares. Barclays lifted their target price on shares of Equinix from $700.00 to $720.00 and gave the stock an “equal weight” rating in a report on Thursday, August 3rd. Stifel Nicolaus boosted their price objective on shares of Equinix from $835.00 to $870.00 in a report on Thursday, June 22nd. Truist Financial downgraded shares of Equinix from a “buy” rating to a “hold” rating and cut their price objective for the company from $870.00 to $815.00 in a report on Tuesday, June 27th. They noted that the move was a valuation call. Raymond James boosted their price objective on shares of Equinix from $885.00 to $910.00 and gave the company a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Bank of America boosted their price objective on shares of Equinix from $750.00 to $850.00 in a report on Friday, June 23rd. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $814.57.

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.