Kapitalo Investimentos Ltda Acquires Shares of 315 Equinix, Inc. (NASDAQ:EQIX)

Kapitalo Investimentos Ltda acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel reports. The fund acquired 315 shares of the financial services provider’s stock, valued at approximately $254,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its position in shares of Equinix by 260.0% during the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after buying an additional 26 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Equinix during the third quarter valued at approximately $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Equinix during the fourth quarter valued at approximately $32,000. Operose Advisors LLC purchased a new position in Equinix in the third quarter worth $36,000. Finally, Asset Dedication LLC boosted its position in Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EQIX shares. Barclays boosted their price objective on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Truist Financial boosted their price objective on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research note on Wednesday, March 20th. TD Cowen decreased their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Morgan Stanley decreased their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $872.81.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX traded up $3.89 during trading on Tuesday, reaching $766.27. The company’s stock had a trading volume of 36,324 shares, compared to its average volume of 593,375. The stock has a market capitalization of $72.73 billion, a PE ratio of 76.47, a P/E/G ratio of 2.67 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day moving average of $755.89 and a 200 day moving average of $803.47. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s payout ratio is currently 170.91%.

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.