Blue Trust Inc. Boosts Position in Equinix, Inc. (NASDAQ:EQIX)

Blue Trust Inc. increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,348 shares of the financial services provider’s stock after acquiring an additional 279 shares during the quarter. Blue Trust Inc.’s holdings in Equinix were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EQIX. Inspire Trust Co. N.A. boosted its holdings in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 11 shares during the last quarter. GS Investments Inc. increased its holdings in shares of Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after buying an additional 12 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,549 shares of company stock worth $18,036,455 over the last 90 days. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of research analyst reports. JMP Securities started coverage on Equinix in a research report on Monday. They issued an “outperform” rating and a $1,200.00 target price on the stock. Evercore ISI upped their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, BMO Capital Markets lifted their target price on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $997.53.

Equinix Stock Down 4.3 %

Shares of NASDAQ:EQIX opened at $900.10 on Tuesday. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The firm’s 50 day moving average price is $944.51 and its 200 day moving average price is $883.61. The stock has a market cap of $86.85 billion, a price-to-earnings ratio of 81.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

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.