CVA Family Office LLC Buys 29 Shares of Equinix, Inc. (NASDAQ:EQIX)

CVA Family Office LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 38.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105 shares of the financial services provider’s stock after acquiring an additional 29 shares during the quarter. CVA Family Office LLC’s holdings in Equinix were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Goelzer Investment Management Inc. raised its stake in Equinix by 0.3% during the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock valued at $3,364,000 after purchasing an additional 13 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in Equinix by 3.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares in the last quarter. Lindbrook Capital LLC raised its stake in Equinix by 3.0% during the first quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 14 shares in the last quarter. Banco Santander S.A. raised its stake in Equinix by 2.0% during the first quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 14 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Equinix by 0.5% during the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock valued at $2,354,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Mizuho assumed coverage on shares of Equinix in a research note on Thursday, July 11th. They issued an “outperform” rating and a $873.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Equinix in a research note on Monday, July 1st. They issued a “buy” rating and a $870.00 target price on the stock. TD Cowen reduced their target price on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average price target of $871.29.

Equinix Stock Down 0.6 %

Equinix stock traded down $4.32 during midday trading on Wednesday, hitting $780.29. 694,580 shares of the company’s stock were exchanged, compared to its average volume of 568,385. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The firm has a 50-day moving average of $771.86 and a two-hundred day moving average of $796.03. The company has a market cap of $74.05 billion, a PE ratio of 80.09, a P/E/G ratio of 2.80 and a beta of 0.68.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.18%. Equinix’s payout ratio is 170.91%.

Insiders Place Their Bets

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

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.