Catalyst Financial Partners LLC Acquires 20 Shares of Equinix, Inc. (NASDAQ:EQIX)

Catalyst Financial Partners LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477 shares of the financial services provider’s stock after purchasing an additional 20 shares during the period. Catalyst Financial Partners LLC’s holdings in Equinix were worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Equinix by 1.4% during the third quarter. State Street Corp now owns 5,826,082 shares of the financial services provider’s stock worth $5,171,405,000 after purchasing an additional 81,941 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider’s stock valued at $2,079,591,000 after acquiring an additional 33,277 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after acquiring an additional 5,910 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 17.9% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Equinix by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider’s stock valued at $1,006,724,000 after acquiring an additional 53,729 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,801 shares of company stock valued at $15,530,564. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

EQIX stock opened at $923.00 on Friday. The stock has a market capitalization of $89.06 billion, a PE ratio of 83.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company’s 50-day moving average is $936.92 and its 200-day moving average is $894.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIXGet Free Report) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Equities research analysts expect that Equinix, Inc. will post 31.09 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.03%. Equinix’s dividend payout ratio (DPR) is presently 199.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EQIX. Royal Bank of Canada increased their price target on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Truist Financial increased their price objective on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, November 29th. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Scotiabank decreased their price objective on Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average target price of $994.82.

Check Out Our Latest Report on EQIX

Equinix Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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