Metis Global Partners LLC Purchases 985 Shares of Equinix, Inc. (NASDAQ:EQIX)

Metis Global Partners LLC increased its position in Equinix, Inc. (NASDAQ:EQIX) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,929 shares of the financial services provider’s stock after buying an additional 985 shares during the quarter. Metis Global Partners LLC’s holdings in Equinix were worth $10,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake 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 acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Equinix during the 3rd quarter worth $29,000. Criterion Capital Advisors LLC acquired a new position in Equinix during the 4th quarter worth about $32,000. Operose Advisors LLC bought a new stake in shares of Equinix in the 3rd quarter valued at about $36,000. Finally, Asset Dedication LLC increased its stake in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after buying an additional 25 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, EVP Scott Crenshaw sold 460 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the transaction, the executive vice president now owns 1,242 shares of the company’s stock, valued at approximately $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the transaction, the executive vice president now owns 1,242 shares in the company, valued at approximately $1,034,548.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the sale, the insider now owns 14,002 shares in the company, valued at $11,661,425.68. The disclosure for this sale can be found here. Insiders sold a total of 4,585 shares of company stock worth $3,818,268 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price objective on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price objective on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Barclays dropped their price objective on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company lifted their target price on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Truist Financial boosted their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $868.06.

Equinix Stock Up 0.2 %

EQIX traded up $1.48 during midday trading on Friday, reaching $700.18. 762,548 shares of the company were exchanged, compared to its average volume of 698,429. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average price is $807.36 and its 200 day moving average price is $802.13. The company has a market cap of $66.25 billion, a price-to-earnings ratio of 67.91, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

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.