CVA Family Office LLC Purchases New Stake in Equinix, Inc. (NASDAQ:EQIX)

CVA Family Office LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIXFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 75 shares of the financial services provider’s stock, valued at approximately $60,000.

Other hedge funds have also bought and sold shares of the company. Graham Capital Management L.P. lifted its stake in Equinix by 35.5% during the 2nd quarter. Graham Capital Management L.P. now owns 2,074 shares of the financial services provider’s stock valued at $1,626,000 after acquiring an additional 543 shares in the last quarter. Nordea Investment Management AB lifted its stake in Equinix by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock valued at $109,459,000 after acquiring an additional 12,129 shares in the last quarter. DNB Asset Management AS lifted its stake in Equinix by 20.3% during the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock valued at $19,699,000 after acquiring an additional 4,132 shares in the last quarter. Naples Global Advisors LLC bought a new stake in shares of Equinix during the 4th quarter worth $209,000. Finally, Eventide Asset Management LLC raised its stake in shares of Equinix by 11.4% during the 3rd quarter. Eventide Asset Management LLC now owns 10,606 shares of the financial services provider’s stock worth $7,703,000 after purchasing an additional 1,082 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EQIX shares. BMO Capital Markets lifted their target price on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Truist Financial lifted their target price on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Morgan Stanley lowered their target price on Equinix from $785.00 to $767.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $869.00.

Get Our Latest Stock Analysis on Equinix

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 2,199 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the transaction, the insider now directly owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The disclosure for this sale can be found here. Insiders sold 18,282 shares of company stock valued at $14,788,771 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Equinix Stock Up 1.9 %

EQIX stock opened at $815.31 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $77.14 billion, a PE ratio of 79.08, a PEG ratio of 1.89 and a beta of 0.59. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The stock has a 50-day simple moving average of $849.93 and a two-hundred day simple moving average of $798.15.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is presently 165.28%.

Equinix Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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