Sapient Capital LLC Invests $206,000 in Equinix, Inc. (NASDAQ:EQIX)

Sapient Capital LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel reports. The firm bought 256 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other institutional investors have also modified their holdings of EQIX. Valley National Advisers Inc. grew its holdings in shares of Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares during the period. Providence Capital Advisors LLC purchased a new stake in shares of Equinix during the 3rd quarter worth about $29,000. Operose Advisors LLC purchased a new stake in shares of Equinix during the 3rd quarter worth about $36,000. Asset Dedication LLC grew its holdings in shares of Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares during the period. Finally, Quarry LP grew its holdings in shares of Equinix by 237.5% during the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction that occurred on 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 approximately $1,034,548.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the sale, the insider now directly owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were 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. In the last ninety days, insiders have sold 18,282 shares of company stock valued at $14,788,771. Corporate insiders own 0.32% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $744.11 on Tuesday. The stock has a market cap of $70.41 billion, a P/E ratio of 72.17, a price-to-earnings-growth ratio of 1.82 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average of $842.19 and a 200-day moving average of $802.12. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is currently 165.28%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. 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 report on Thursday, March 28th. BMO Capital Markets upped their price target on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $868.72.

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.