Bar Harbor Wealth Management Buys 998 Shares of Equinix, Inc. (NASDAQ:EQIX)

Bar Harbor Wealth Management increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,634 shares of the financial services provider’s stock after acquiring an additional 998 shares during the quarter. Bar Harbor Wealth Management’s holdings in Equinix were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Graham Capital Management L.P. grew its position in shares of Equinix by 35.5% in the 2nd quarter. Graham Capital Management L.P. now owns 2,074 shares of the financial services provider’s stock worth $1,626,000 after buying an additional 543 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Equinix by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after buying an additional 12,129 shares during the last quarter. DNB Asset Management AS grew its position in shares of Equinix by 20.3% in the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock worth $19,699,000 after buying an additional 4,132 shares during the last quarter. Naples Global Advisors LLC bought a new stake in shares of Equinix in the 4th quarter worth approximately $209,000. Finally, Eventide Asset Management LLC grew its position in shares of Equinix by 11.4% in the 3rd quarter. Eventide Asset Management LLC now owns 10,606 shares of the financial services provider’s stock worth $7,703,000 after buying an additional 1,082 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Lin sold 624 shares of Equinix stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the sale, the executive vice president now directly owns 5,671 shares of the company’s stock, valued at approximately $4,591,581.86. The disclosure for this sale can be found here. Insiders sold 18,282 shares of company stock valued at $14,788,771 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $800.07 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The firm has a market capitalization of $75.70 billion, a P/E ratio of 77.60, a PEG ratio of 1.89 and a beta of 0.59. The business has a fifty day moving average of $850.31 and a 200 day moving average of $797.94.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EQIX shares. Wells Fargo & Company lifted their price target on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Barclays dropped their price target on Equinix from $788.00 to $781.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Oppenheimer lifted their price target on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Finally, Truist Financial lifted 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. Seven equities research 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.com, Equinix has an average rating of “Moderate Buy” and an average price target of $869.00.

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.