Driehaus Capital Management LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,340 shares of the financial services provider’s stock, valued at approximately $3,327,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services Inc raised its stake in shares of Equinix by 7.3% in the third quarter. Commonwealth Equity Services Inc now owns 1,729 shares of the financial services provider’s stock valued at $771,000 after acquiring an additional 118 shares in the last quarter. Lenox Wealth Management Inc. increased its holdings in Equinix by 7.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,730 shares of the financial services provider’s stock valued at $784,000 after buying an additional 125 shares during the last quarter. Fiduciary Trust Co. increased its holdings in Equinix by 22.5% in the third quarter. Fiduciary Trust Co. now owns 729 shares of the financial services provider’s stock valued at $325,000 after buying an additional 134 shares during the last quarter. Fagan Associates Inc. increased its holdings in Equinix by 3.8% in the fourth quarter. Fagan Associates Inc. now owns 3,717 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 135 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in Equinix by 20.5% in the fourth quarter. Checchi Capital Advisers LLC now owns 839 shares of the financial services provider’s stock valued at $380,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.
Equinix, Inc. (EQIX) opened at $395.16 on Friday. The stock has a market capitalization of $31,307.74, a PE ratio of 132.16, a price-to-earnings-growth ratio of 1.20 and a beta of 0.56. Equinix, Inc. has a twelve month low of $370.79 and a twelve month high of $495.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.45.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th will be issued a dividend of $2.28 per share. This is a positive change from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, February 23rd. This represents a $9.12 annualized dividend and a dividend yield of 2.31%. Equinix’s dividend payout ratio (DPR) is presently 305.02%.
In related news, Director Camp Peter Van sold 1,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total transaction of $703,389.15. Following the transaction, the director now owns 5,871 shares of the company’s stock, valued at $2,592,340.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen M. Smith sold 10,706 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $443.10, for a total value of $4,743,828.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,482 shares of company stock worth $15,507,697. Corporate insiders own 0.58% of the company’s stock.
Several research firms recently commented on EQIX. Credit Suisse Group reissued a “buy” rating and issued a $519.00 target price on shares of Equinix in a report on Sunday, February 25th. Zacks Investment Research lowered Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Barclays reissued a “buy” rating and issued a $500.00 target price on shares of Equinix in a report on Friday, February 16th. Guggenheim set a $515.00 target price on Equinix and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Co dropped their target price on Equinix from $510.00 to $485.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Equinix presently has an average rating of “Buy” and a consensus target price of $499.00.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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