Sapient Capital LLC Acquires Shares of 256 Equinix, Inc. (NASDAQ:EQIX)

Sapient Capital LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 256 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Equinix by 0.3% during the third quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after purchasing an additional 34,926 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after buying an additional 431,435 shares during the last quarter. Northern Trust Corp raised its stake in Equinix by 1.7% during the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after acquiring an additional 20,241 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Equinix by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 974,403 shares of the financial services provider’s stock worth $707,670,000 after acquiring an additional 35,333 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Equinix by 4.8% in the third quarter. Morgan Stanley now owns 940,617 shares of the financial services provider’s stock valued at $683,134,000 after acquiring an additional 43,143 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, EVP Scott Crenshaw sold 460 shares of the business’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 completion of the sale, the executive vice president now directly owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares in the company, valued at approximately $1,034,548.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 2,110 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total value of $1,756,975.90. Following the completion of the sale, the chief executive officer now directly 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 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 2.6 %

NASDAQ EQIX opened at $711.87 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. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The firm’s fifty day simple moving average is $800.46 and its 200-day simple moving average is $802.10. The company has a market capitalization of $67.36 billion, a PE ratio of 69.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62.

Equinix Announces Dividend

The company also recently announced 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 2.39%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EQIX shares. Barclays reduced 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 increased their price objective on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Stifel Nicolaus reissued a “buy” rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada raised their target price on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $870.44.

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.