Mather Group LLC. Sells 473 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mather Group LLC. cut its position in Equinix, Inc. (NASDAQ:EQIX) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,209 shares of the financial services provider’s stock after selling 473 shares during the quarter. Mather Group LLC.’s holdings in Equinix were worth $973,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Balentine LLC grew its position in shares of Equinix by 0.8% in the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after acquiring an additional 14 shares during the period. Sage Mountain Advisors LLC grew its holdings in Equinix by 3.9% during the fourth 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 period. First Trust Direct Indexing L.P. grew its holdings in Equinix by 0.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock worth $2,021,000 after purchasing an additional 15 shares during the period. Legacy Advisors LLC increased its position in Equinix by 1.6% during the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock worth $679,000 after buying an additional 15 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV raised its stake in Equinix by 0.8% in the third quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 16 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Down 2.1 %

NASDAQ EQIX opened at $711.11 on Wednesday. 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 company has a market cap of $67.29 billion, a price-to-earnings ratio of 68.97, a PEG ratio of 1.87 and a beta of 0.58. The company has a 50 day moving average of $818.03 and a 200-day moving average of $803.06. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.40%. Equinix’s dividend payout ratio is presently 165.28%.

Insider Buying and Selling at Equinix

In other news, CEO Charles J. Meyers sold 2,110 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the sale, the chief executive officer now directly owns 10,115 shares of the company’s stock, valued at approximately $8,422,659.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Charles J. Meyers sold 2,110 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the sale, the chief executive officer now owns 10,115 shares of the company’s stock, valued at approximately $8,422,659.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the sale, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock valued at $3,818,268 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EQIX. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Truist Financial lifted their price objective on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Oppenheimer increased their price objective on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. Finally, Wells Fargo & Company increased their price target on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $862.50.

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.