687 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by United Asset Strategies Inc.

United Asset Strategies Inc. purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 687 shares of the financial services provider’s stock, valued at approximately $648,000.

A number of other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Equinix by 2.4% during the 2nd quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider’s stock valued at $20,793,000 after purchasing an additional 647 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Equinix by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider’s stock valued at $50,303,000 after buying an additional 432 shares during the period. Quarry LP lifted its stake in Equinix by 124.6% in the second quarter. Quarry LP now owns 128 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 71 shares during the period. Ecofi Investissements SA bought a new stake in Equinix in the second quarter valued at $74,000. Finally, Truist Financial Corp increased its position in Equinix by 7.2% during the 2nd quarter. Truist Financial Corp now owns 44,837 shares of the financial services provider’s stock valued at $33,924,000 after purchasing an additional 3,008 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This represents a 20.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares of the company’s stock, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,549 shares of company stock worth $18,036,455 over the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $900.10 on Tuesday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock has a 50-day moving average of $944.51 and a 200 day moving average of $883.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 81.16, a PEG ratio of 2.20 and a beta of 0.73.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. Equinix’s payout ratio is 153.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EQIX shares. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and lifted their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JMP Securities began coverage on Equinix in a research report on Monday. They issued an “outperform” rating and a $1,200.00 target price for the company. Stifel Nicolaus lifted their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price objective on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average target price of $997.53.

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.