Kestra Private Wealth Services LLC Acquires Shares of 1,511 Equinix, Inc. (NASDAQ:EQIX)

Kestra Private Wealth Services LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,511 shares of the financial services provider’s stock, valued at approximately $1,217,000.

A number of other institutional investors have also made changes to their positions in EQIX. Vanguard Group Inc. increased its holdings in shares of Equinix by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after purchasing an additional 34,926 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Equinix by 44.6% in the third quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after purchasing an additional 431,435 shares during the last quarter. Northern Trust Corp increased its stake in shares of Equinix by 1.7% during the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after purchasing an additional 20,241 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Equinix by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 974,403 shares of the financial services provider’s stock worth $707,670,000 after buying an additional 35,333 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Equinix by 4.8% during the third quarter. Morgan Stanley now owns 940,617 shares of the financial services provider’s stock worth $683,134,000 after purchasing an additional 43,143 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction 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 of the company’s stock, 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 link. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the company’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 of the company’s stock, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,585 shares of company stock valued at $3,818,268. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a report on Wednesday, March 20th. BMO Capital Markets increased their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Oppenheimer boosted their target price on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Morgan Stanley dropped their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Finally, Truist Financial raised their price objective on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix Stock Up 0.2 %

Equinix stock opened at $700.18 on Friday. The company has a market capitalization of $66.25 billion, a PE ratio of 67.91, a PEG ratio of 1.79 and a beta of 0.62. The firm’s fifty day moving average is $811.00 and its 200 day moving average is $801.59. The company has a quick ratio of 1.13, a current 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.

Equinix Announces Dividend

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

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.