256 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Sapient Capital LLC

Sapient Capital LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 256 shares of the financial services provider’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Equinix by 9.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,999 shares of the financial services provider’s stock worth $3,631,000 after buying an additional 415 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Equinix by 5.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,129 shares of the financial services provider’s stock worth $2,999,000 after acquiring an additional 201 shares during the period. Mackenzie Financial Corp increased its position in Equinix by 27.9% during the third quarter. Mackenzie Financial Corp now owns 34,866 shares of the financial services provider’s stock valued at $24,447,000 after acquiring an additional 7,598 shares during the last quarter. Brighton Jones LLC lifted its holdings in Equinix by 7.3% in the third quarter. Brighton Jones LLC now owns 307 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 21 shares during the period. Finally, Advisor Partners II LLC boosted its position in Equinix by 1.1% in the third quarter. Advisor Partners II LLC now owns 5,845 shares of the financial services provider’s stock worth $4,245,000 after purchasing an additional 64 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQIX has been the subject of several research reports. Barclays reduced their price target on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Truist Financial lifted their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Royal Bank of Canada lifted 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. BMO Capital Markets raised their target price on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Morgan Stanley decreased their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $870.44.

Insiders Place Their Bets

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the sale, the chairman now owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were 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 directly owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 1,242 shares in the company, valued at $1,034,548.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,585 shares of company stock worth $3,818,268. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Up 2.6 %

EQIX opened at $711.87 on Wednesday. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 69.05, a P/E/G ratio of 1.81 and a beta of 0.62. The stock’s 50 day moving average price is $800.46 and its 200-day moving average price is $802.10.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.39%. Equinix’s payout ratio is 165.28%.

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.