US Asset Management LLC Invests $238,000 in Equinix, Inc. (NASDAQ:EQIX)

US Asset Management LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 295 shares of the financial services provider’s stock, valued at approximately $238,000.

A number of other large investors have also recently added to or reduced their stakes in EQIX. Aew Capital Management L P raised its stake in Equinix by 0.8% during the fourth quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider’s stock valued at $250,286,000 after buying an additional 2,503 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in shares of Equinix by 12.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock valued at $25,938,000 after buying an additional 3,591 shares during the period. Nordea Investment Management AB grew its position in shares of Equinix by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock valued at $109,459,000 after buying an additional 12,129 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in Equinix by 127.8% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock worth $1,130,000 after acquiring an additional 787 shares during the period. Finally, TIAA Trust National Association lifted its holdings in Equinix by 126.8% in the fourth quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock worth $3,417,000 after acquiring an additional 2,372 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

EQIX traded up $79.72 during midday trading on Thursday, reaching $772.43. The company’s stock had a trading volume of 2,353,524 shares, compared to its average volume of 619,529. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock has a market cap of $73.09 billion, a P/E ratio of 74.92, a PEG ratio of 1.81 and a beta of 0.62. The company has a fifty day simple moving average of $796.48 and a 200 day simple moving average of $801.33.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.21%. Equinix’s dividend payout ratio is currently 165.28%.

Insider Activity at Equinix

In related 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 directly owns 1,242 shares in the company, valued at $1,034,548.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Crenshaw sold 460 shares of the stock in a transaction that occurred 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 directly owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,585 shares of company stock worth $3,818,268. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Oppenheimer boosted their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. BMO Capital Markets raised their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their target price on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, HSBC downgraded 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. Seven 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $870.44.

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.