Weatherly Asset Management L. P. Decreases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Weatherly Asset Management L. P. decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,555 shares of the financial services provider’s stock after selling 45 shares during the period. Weatherly Asset Management L. P.’s holdings in Equinix were worth $4,474,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Equinix during the 4th quarter worth approximately $443,000. Parkside Financial Bank & Trust boosted its stake in shares of Equinix by 8.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 25 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Equinix by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 432,342 shares of the financial services provider’s stock worth $348,204,000 after acquiring an additional 2,363 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of Equinix by 3.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 14 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. raised its position in shares of Equinix by 6.0% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 15,047 shares of the financial services provider’s stock worth $12,119,000 after purchasing an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.9 %

Shares of NASDAQ EQIX traded up $7.16 during trading on Tuesday, hitting $761.90. 662,870 shares of the company traded hands, compared to its average volume of 562,853. Equinix, Inc. has a 1 year low of $672.88 and a 1 year high of $914.93. The company has a 50-day moving average price of $831.66 and a 200-day moving average price of $803.12. The firm has a market capitalization of $72.09 billion, a P/E ratio of 73.20, a P/E/G ratio of 1.94 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.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.24%. Equinix’s dividend payout ratio (DPR) is 165.28%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays cut their price objective on Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Oppenheimer lifted their price objective on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. BMO Capital Markets lifted their price objective on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Finally, Truist Financial boosted their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. 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. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $862.50.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the sale, the insider now directly owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the transaction, 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 link. Also, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the transaction, the insider now directly owns 14,002 shares of the company’s stock, valued at $11,661,425.68. The disclosure for this sale can be found here. In the last three months, insiders sold 4,585 shares of company stock valued at $3,818,268. Company insiders own 0.27% of the company’s stock.

About Equinix

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.