OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 62.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,910 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Equinix were worth $1,772,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. raised its holdings in Equinix by 191.5% during the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 157 shares in the last quarter. Zions Bancorporation raised its holdings in Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Equinix during the fourth quarter worth approximately $121,000. Truewealth LLC bought a new stake in Equinix during the fourth quarter worth approximately $137,000. Finally, Amica Retiree Medical Trust bought a new stake in Equinix during the third quarter worth approximately $188,000. Institutional investors and hedge funds own 96.03% of the company’s stock.
Shares of Equinix, Inc. (EQIX) opened at $417.58 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.81 and a current ratio of 1.81. Equinix, Inc. has a one year low of $370.79 and a one year high of $495.35. The stock has a market cap of $32,629.29, a price-to-earnings ratio of 139.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th were paid a dividend of $2.28 per share. This is an increase from Equinix’s previous quarterly dividend of $2.00. This represents a $9.12 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, February 23rd. Equinix’s payout ratio is 305.02%.
In other news, insider Michael Earl Campbell sold 590 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $443.92, for a total transaction of $261,912.80. Following the transaction, the insider now directly owns 1,658 shares in the company, valued at approximately $736,019.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen M. Smith sold 10,706 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total transaction of $4,743,828.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,499 shares of company stock worth $15,869,591. Company insiders own 0.58% of the company’s stock.
EQIX has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. Credit Suisse Group reissued a “buy” rating and set a $519.00 target price on shares of Equinix in a report on Sunday, February 25th. UBS raised Equinix from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a report on Monday, January 29th. Barclays reissued a “buy” rating and set a $517.00 target price on shares of Equinix in a report on Friday, January 19th. Finally, Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $456.00 price target on the stock in a report on Monday, February 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target 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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