Equinix, Inc. (NASDAQ:EQIX) Holdings Lifted by InTrack Investment Management Inc

InTrack Investment Management Inc increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 124.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,245 shares of the financial services provider’s stock after acquiring an additional 1,247 shares during the period. Equinix comprises about 1.4% of InTrack Investment Management Inc’s holdings, making the stock its 19th largest holding. InTrack Investment Management Inc’s holdings in Equinix were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equinix by 302.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after purchasing an additional 813,666 shares during the period. Pathway Financial Advisers LLC boosted its stake in shares of Equinix by 89,348.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after buying an additional 398,494 shares during the period. Adelante Capital Management LLC boosted its stake in shares of Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after buying an additional 344,114 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after acquiring an additional 203,656 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Equinix by 104.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider’s stock worth $238,133,000 after acquiring an additional 160,906 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Down 0.5 %

Shares of Equinix stock opened at $915.59 on Friday. The company has a market cap of $88.35 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company’s fifty day simple moving average is $941.75 and its 200-day simple moving average is $874.79. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Dividend Announcement

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 was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. Equinix’s payout ratio is 153.65%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Scotiabank boosted their target price on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Stifel Nicolaus lifted their target price on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays increased their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $976.81.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,412 shares of company stock valued at $18,826,100. Insiders own 0.27% of the company’s stock.

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.