Corient Private Wealth LLC Has $6.98 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Corient Private Wealth LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,402 shares of the financial services provider’s stock after acquiring an additional 254 shares during the quarter. Corient Private Wealth LLC’s holdings in Equinix were worth $6,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after acquiring an additional 5,910 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Equinix in the 3rd quarter valued at $224,000. Empowered Funds LLC lifted its stake in shares of Equinix by 8.9% in the 3rd quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider’s stock valued at $1,864,000 after purchasing an additional 171 shares during the last quarter. Caprock Group LLC boosted its holdings in Equinix by 15.0% in the third quarter. Caprock Group LLC now owns 2,036 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 265 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Equinix by 4.2% during the third quarter. PNC Financial Services Group Inc. now owns 13,168 shares of the financial services provider’s stock worth $11,688,000 after buying an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 341 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brandi Galvin Morandi sold 684 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares of the company’s stock, valued at $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock valued at $17,466,950 in the last quarter. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Royal Bank of Canada increased their price target on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Finally, Scotiabank lifted their target price on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of “Buy” and a consensus target price of $990.06.

Equinix Price Performance

NASDAQ EQIX opened at $851.72 on Friday. The stock has a market cap of $82.90 billion, a price-to-earnings ratio of 99.62, a PEG ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50 day simple moving average of $904.87 and a 200 day simple moving average of $908.27.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.20%. Equinix’s payout ratio is presently 219.42%.

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.