Fidelis Capital Partners LLC Increases Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Fidelis Capital Partners LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 41.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 855 shares of the financial services provider’s stock after buying an additional 249 shares during the period. Fidelis Capital Partners LLC’s holdings in Equinix were worth $689,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its position in Equinix by 15.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 687 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 92 shares during the period. Baird Financial Group Inc. boosted its holdings in Equinix by 5.3% during the first quarter. Baird Financial Group Inc. now owns 1,169 shares of the financial services provider’s stock worth $867,000 after buying an additional 59 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Equinix by 182.8% during the first quarter. Brown Brothers Harriman & Co. now owns 263 shares of the financial services provider’s stock worth $195,000 after buying an additional 170 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Equinix by 10.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 16 shares in the last quarter. Finally, Covestor Ltd lifted its position in Equinix by 300.0% in the 1st quarter. Covestor Ltd now owns 172 shares of the financial services provider’s stock worth $128,000 after buying an additional 129 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQIX. Wolfe Research upgraded shares of Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Morgan Stanley decreased their price target on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Oppenheimer raised their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada raised their price target on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $862.50.

Equinix Trading Up 0.4 %

Shares of NASDAQ:EQIX traded up $2.70 during trading on Friday, hitting $742.55. 71,981 shares of the company’s stock were exchanged, compared to its average volume of 552,657. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The firm has a 50-day moving average price of $835.72 and a two-hundred day moving average price of $801.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a market cap of $70.26 billion, a P/E ratio of 71.76, a PEG ratio of 1.90 and a beta of 0.58.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is 165.28%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the sale, the insider now owns 14,002 shares in the company, valued at approximately $11,661,425.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the transaction, the chairman now owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the transaction, the insider now owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The disclosure for this sale can be found here. Insiders sold a total of 4,585 shares of company stock worth $3,818,268 in the last quarter. 0.32% of the stock is owned by company insiders.

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.