Signaturefd LLC Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Signaturefd LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,438 shares of the financial services provider’s stock after purchasing an additional 81 shares during the quarter. Signaturefd LLC’s holdings in Equinix were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Equinix in the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix in the fourth quarter worth approximately $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the fourth quarter worth approximately $42,000. Dunhill Financial LLC boosted its holdings in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in Equinix in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 1,370 shares of Equinix stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the sale, the chief executive officer now directly owns 4,329 shares in the company, valued at approximately $3,937,268.79. The trade was a 24.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares of the company’s stock, valued at $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,054 shares of company stock worth $17,466,950. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EQIX shares. Oppenheimer raised their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Truist Financial dropped their price target on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Scotiabank lifted their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $989.35.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $841.26 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $81.88 billion, a P/E ratio of 98.39, a P/E/G ratio of 1.78 and a beta of 0.74. The firm’s fifty day moving average is $908.77 and its two-hundred day moving average is $909.04. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. As a group, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $4.69 dividend. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s payout ratio is currently 219.42%.

Equinix 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.