Slow Capital Inc. Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Slow Capital Inc. increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,041 shares of the financial services provider’s stock after purchasing an additional 457 shares during the quarter. Slow Capital Inc.’s holdings in Equinix were worth $4,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Equinix by 2.4% during the 2nd quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider’s stock valued at $20,793,000 after buying an additional 647 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Equinix by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider’s stock valued at $50,303,000 after purchasing an additional 432 shares in the last quarter. Quarry LP increased its stake in shares of Equinix by 124.6% in the second quarter. Quarry LP now owns 128 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 71 shares in the last quarter. Ecofi Investissements SA purchased a new stake in shares of Equinix in the second quarter worth $74,000. Finally, Truist Financial Corp lifted its stake in shares of Equinix by 7.2% during the 2nd quarter. Truist Financial Corp now owns 44,837 shares of the financial services provider’s stock valued at $33,924,000 after buying an additional 3,008 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 4.3 %

EQIX stock opened at $900.10 on Tuesday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a market capitalization 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. The firm’s fifty day simple moving average is $944.51 and its two-hundred day simple moving average is $883.61.

Equinix Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen increased their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their target price on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price target on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday. Finally, HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $997.53.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 1,726 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This trade represents a 20.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,788 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,549 shares of company stock valued at $18,036,455 in the last ninety days. 0.27% of the stock is owned by company insiders.

Equinix Profile

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.