Sivia Capital Partners LLC Takes $209,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Sivia Capital Partners LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, HoldingsChannel reports. The firm purchased 222 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in shares of Equinix by 7.3% in the 4th quarter. Wedmont Private Capital now owns 1,032 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 70 shares in the last quarter. Brookstone Capital Management bought a new stake in Equinix in the 4th quarter worth about $223,000. Czech National Bank lifted its stake in Equinix by 8.2% during the 4th quarter. Czech National Bank now owns 20,921 shares of the financial services provider’s stock valued at $19,726,000 after acquiring an additional 1,580 shares during the period. Graypoint LLC boosted its holdings in shares of Equinix by 24.6% during the 4th quarter. Graypoint LLC now owns 799 shares of the financial services provider’s stock valued at $753,000 after acquiring an additional 158 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Equinix by 2.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,880 shares of the financial services provider’s stock worth $1,773,000 after acquiring an additional 50 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQIX has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. TD Cowen raised their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $976.81.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the transaction, the insider now directly owns 8,231 shares in the company, valued at approximately $7,531,365. This trade represents a 9.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company’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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 8,398 shares of company stock valued at $7,906,218 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Down 0.4 %

Shares of NASDAQ:EQIX traded down $3.25 on Monday, hitting $896.58. 264,372 shares of the company’s stock were exchanged, compared to its average volume of 450,579. The stock has a market capitalization of $86.51 billion, a price-to-earnings ratio of 80.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.73. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The business’s 50 day simple moving average is $941.47 and its two-hundred day simple moving average is $872.25. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.90%. Equinix’s payout ratio is 153.65%.

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.