CVA Family Office LLC Invests $60,000 in Equinix, Inc. (NASDAQ:EQIX)

CVA Family Office LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 75 shares of the financial services provider’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC bought a new stake in shares of Equinix in the third quarter valued at about $29,000. Operose Advisors LLC bought a new stake in Equinix in the 3rd quarter valued at approximately $36,000. Asset Dedication LLC lifted its stake in Equinix by 92.6% in the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares in the last quarter. Quarry LP boosted its position in Equinix by 237.5% during the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 38 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Equinix by 48.6% during the 3rd quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 18 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EQIX. Wells Fargo & Company increased their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Morgan Stanley decreased their price objective on Equinix from $785.00 to $767.00 and set an “equal weight” rating for the company in a report on Friday, December 8th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. TheStreet upgraded Equinix from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th. Finally, HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research note on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $869.00.

Equinix Stock Up 1.9 %

Shares of EQIX opened at $815.31 on Thursday. The firm has a market cap of $77.14 billion, a P/E ratio of 79.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93. The firm’s 50-day simple moving average is $849.93 and its 200 day simple moving average is $798.15.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

Insider Transactions at Equinix

In related news, insider Michael Earl Campbell sold 2,199 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the completion of the sale, the insider now directly owns 14,067 shares in the company, valued at approximately $11,252,474.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the completion of the sale, the chief executive officer now directly owns 16,360 shares in the company, valued at $13,090,944.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Earl Campbell sold 2,199 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the sale, the insider now directly owns 14,067 shares in the company, valued at approximately $11,252,474.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,282 shares of company stock worth $14,788,771. Company insiders own 0.32% of the company’s stock.

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.