Alpine Woods Capital Investors LLC Buys 19 Shares of Equinix, Inc. (NASDAQ:EQIX)

Alpine Woods Capital Investors LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,958 shares of the financial services provider’s stock after purchasing an additional 19 shares during the period. Equinix accounts for approximately 1.4% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 18th largest holding. Alpine Woods Capital Investors LLC’s holdings in Equinix were worth $7,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EQIX. Kestra Investment Management LLC bought a new position in shares of Equinix in the 4th quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in Equinix during the 4th quarter worth $39,000. Sierra Ocean LLC acquired a new position in Equinix in the fourth quarter valued at about $42,000. Dunhill Financial LLC grew its stake in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares during the period. Finally, Thompson Investment Management Inc. acquired a new position in Equinix in the fourth quarter valued at about $47,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EQIX. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a report on Monday. Finally, JMP Securities restated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. Three investment 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. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Buy” and an average target price of $989.35.

Insider Activity

In related news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the sale, the chief financial officer now owns 22,076 shares of the company’s stock, valued at $20,085,186.32. This represents a 12.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is owned by insiders.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $833.95 on Friday. The business’s 50 day moving average price is $914.84 and its two-hundred day moving average price is $907.30. The company has a market cap of $81.17 billion, a PE ratio of 97.54, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $4.69 dividend. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.25%. Equinix’s dividend payout ratio is presently 219.42%.

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.