Signaturefd LLC Increases Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Signaturefd LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,173 shares of the financial services provider’s stock after purchasing an additional 151 shares during the period. Signaturefd LLC’s holdings in Equinix were worth $945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EQIX. Carmel Capital Partners LLC lifted its holdings in shares of Equinix by 15.7% during the fourth quarter. Carmel Capital Partners LLC now owns 421 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 57 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Equinix by 27.8% during the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 103 shares during the period. Grandfield & Dodd LLC purchased a new stake in shares of Equinix during the 4th quarter valued at about $211,000. abrdn plc grew its stake in shares of Equinix by 2.2% in the fourth quarter. abrdn plc now owns 259,662 shares of the financial services provider’s stock worth $209,129,000 after acquiring an additional 5,617 shares during the period. Finally, Greenleaf Trust grew its stake in shares of Equinix by 3.6% in the fourth quarter. Greenleaf Trust now owns 1,572 shares of the financial services provider’s stock worth $1,266,000 after acquiring an additional 55 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 0.9 %

NASDAQ EQIX opened at $754.74 on Tuesday. 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, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The stock’s 50 day moving average is $831.66 and its 200 day moving average is $803.12. The stock has a market cap of $71.41 billion, a PE ratio of 73.20, a P/E/G ratio of 1.94 and a beta of 0.58.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.26%. Equinix’s payout ratio is 165.28%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the transaction, the insider now owns 14,002 shares in the company, valued at $11,661,425.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Brandi Galvin Morandi sold 729 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the transaction, the insider now directly owns 14,002 shares in the company, valued at approximately $11,661,425.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the sale, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,585 shares of company stock worth $3,818,268. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EQIX shares. Morgan Stanley dropped their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Wells Fargo & Company upped their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price target on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Wolfe Research upgraded shares of Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Finally, Truist Financial boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $862.50.

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.