Valeo Financial Advisors LLC Boosts Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Valeo Financial Advisors LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,710 shares of the financial services provider’s stock after purchasing an additional 60 shares during the period. Valeo Financial Advisors LLC’s holdings in Equinix were worth $2,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EQIX. Ancora Advisors LLC boosted its position in Equinix by 12.5% in the third quarter. Ancora Advisors LLC now owns 369 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 41 shares during the last quarter. AQR Capital Management LLC boosted its position in Equinix by 4.6% in the third quarter. AQR Capital Management LLC now owns 24,697 shares of the financial services provider’s stock worth $17,937,000 after purchasing an additional 1,095 shares during the last quarter. Truist Financial Corp boosted its position in Equinix by 44.6% in the third quarter. Truist Financial Corp now owns 18,215 shares of the financial services provider’s stock worth $13,229,000 after purchasing an additional 5,620 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Equinix by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 431,603 shares of the financial services provider’s stock valued at $313,461,000 after buying an additional 92,575 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Equinix by 15.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 128,068 shares of the financial services provider’s stock valued at $93,011,000 after buying an additional 16,900 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the sale, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX opened at $749.00 on Thursday. The stock has a 50-day moving average price of $755.84 and a 200-day moving average price of $799.46. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $71.09 billion, a P/E ratio of 75.13, a PEG ratio of 2.63 and a beta of 0.68.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s payout ratio is currently 170.91%.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. TD Cowen dropped their price target on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Truist Financial upped their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada dropped their price target on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $872.33.

Equinix Company 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.