Savant Capital LLC Purchases 16 Shares of Equinix, Inc. (NASDAQ:EQIX)

Savant Capital LLC increased its position in Equinix, Inc. (NASDAQ:EQIX) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 856 shares of the financial services provider’s stock after buying an additional 16 shares during the quarter. Savant Capital LLC’s holdings in Equinix were worth $689,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EQIX. Principal Financial Group Inc. lifted its holdings in shares of Equinix by 44.6% in 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 in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Equinix by 332.3% in the 3rd quarter. AMF Tjanstepension AB now owns 161,998 shares of the financial services provider’s stock worth $117,666,000 after purchasing an additional 124,524 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Equinix by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 431,603 shares of the financial services provider’s stock worth $313,461,000 after purchasing an additional 92,575 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Equinix by 277.7% in the 3rd quarter. Nordea Investment Management AB now owns 123,366 shares of the financial services provider’s stock worth $90,493,000 after purchasing an additional 90,705 shares in the last quarter. Finally, PGGM Investments lifted its holdings in shares of Equinix by 54.0% in the 3rd quarter. PGGM Investments now owns 254,552 shares of the financial services provider’s stock worth $184,871,000 after purchasing an additional 89,274 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In related news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Charles J. Meyers sold 2,110 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 10,115 shares in the company, valued at approximately $8,422,659.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now owns 7,968 shares in the company, valued at $6,622,364.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,585 shares of company stock worth $3,818,268. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research note on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and set a $960.00 price objective on shares of Equinix in a research note on Wednesday, March 13th. Truist Financial raised their price objective on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Barclays dropped their price objective on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $868.06.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $700.18 on Friday. The company’s 50-day moving average is $807.36 and its 200 day moving average is $801.23. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $66.25 billion, a P/E ratio of 67.91, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

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.