Prime Capital Investment Advisors LLC Raises Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Prime Capital Investment Advisors LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 127.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,403 shares of the financial services provider’s stock after purchasing an additional 787 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Equinix were worth $1,130,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EQIX. Norges Bank purchased a new stake in shares of Equinix during the 4th quarter worth $725,557,000. Principal Financial Group Inc. lifted its stake in shares of Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after purchasing an additional 431,435 shares during the last quarter. Morgan Stanley lifted its stake in shares of Equinix by 26.5% during the 4th quarter. Morgan Stanley now owns 854,549 shares of the financial services provider’s stock worth $559,756,000 after purchasing an additional 179,023 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Equinix by 28.3% during the 1st quarter. Wellington Management Group LLP now owns 604,277 shares of the financial services provider’s stock worth $448,144,000 after purchasing an additional 133,132 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Equinix by 157.5% during the 2nd quarter. Barclays PLC now owns 214,988 shares of the financial services provider’s stock worth $168,540,000 after purchasing an additional 131,503 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 1.7 %

Shares of NASDAQ:EQIX opened at $801.24 on Wednesday. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93. The stock has a market cap of $75.81 billion, a price-to-earnings ratio of 77.71, a PEG ratio of 1.87 and a beta of 0.58. 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 business has a 50-day moving average price of $848.15 and a 200-day moving average price of $800.81.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is 165.28%.

Insider Buying and Selling

In related news, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the sale, the executive vice president now directly owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Michael Earl Campbell sold 2,199 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total transaction of $1,759,024.08. Following the sale, the insider now directly owns 14,067 shares of the company’s stock, valued at $11,252,474.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total value of $383,166.20. Following the sale, the executive vice president now directly owns 1,242 shares in the company, valued at $1,034,548.74. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock valued at $14,788,771 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EQIX shares. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada increased their price target on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price target on shares of Equinix in a research note on Wednesday, March 13th. Barclays decreased their price target on Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Finally, Morgan Stanley decreased their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Seven 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $868.72.

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.