Cerity Partners LLC Grows Holdings in Equinix, Inc. (NASDAQ:EQIX)

Cerity Partners LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 63.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,242 shares of the financial services provider’s stock after purchasing an additional 1,253 shares during the period. Cerity Partners LLC’s holdings in Equinix were worth $2,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in Equinix in the 3rd quarter valued at about $29,000. Operose Advisors LLC purchased a new position in Equinix in the 3rd quarter valued at about $36,000. Asset Dedication LLC lifted 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 acquiring an additional 25 shares during the period. Finally, Quarry LP lifted 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 acquiring an additional 38 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Up 0.7 %

Shares of NASDAQ:EQIX opened at $739.85 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93. The company has a 50 day moving average of $835.72 and a two-hundred day moving average of $801.33. The company has a market capitalization of $70.00 billion, a price-to-earnings ratio of 71.76, a price-to-earnings-growth ratio of 1.92 and a beta of 0.58.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is 165.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Barclays cut their price objective on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Finally, HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average price target of $862.50.

Insider Buying and Selling at Equinix

In other news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles J. Meyers sold 2,110 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total value of $1,756,975.90. Following the transaction, the chief executive officer now owns 10,115 shares in the company, valued at $8,422,659.35. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock valued at $3,818,268 over the last 90 days. 0.32% of the stock is owned by corporate insiders.

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.