Rhumbline Advisers Acquires 1,015 Shares of Equinix, Inc. (NASDAQ:EQIX)

Rhumbline Advisers lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,932 shares of the financial services provider’s stock after acquiring an additional 1,015 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Equinix worth $180,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in shares of Equinix in the 3rd quarter worth about $328,000. Creative Planning lifted its holdings in Equinix by 16.7% in the third quarter. Creative Planning now owns 7,754 shares of the financial services provider’s stock worth $6,883,000 after buying an additional 1,111 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Equinix during the 3rd quarter valued at approximately $1,878,000. Global Retirement Partners LLC grew its holdings in shares of Equinix by 6.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,370 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 86 shares during the period. Finally, Bar Harbor Wealth Management raised its position in shares of Equinix by 3.0% in the 3rd quarter. Bar Harbor Wealth Management now owns 3,539 shares of the financial services provider’s stock worth $3,141,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several research reports. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a report on Thursday. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. TD Cowen boosted their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $994.82.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the sale, the chief financial officer now owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is owned by insiders.

Equinix Stock Up 1.1 %

Equinix stock opened at $933.60 on Friday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock has a fifty day simple moving average of $935.90 and a two-hundred day simple moving average of $894.96. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm has a market cap of $90.08 billion, a price-to-earnings ratio of 84.18, a PEG ratio of 2.23 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. Equities analysts predict that Equinix, Inc. will post 31.09 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.01%. Equinix’s dividend payout ratio is 153.65%.

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.