New Jersey Better Educational Savings Trust bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 250 shares of the financial services provider’s stock, valued at approximately $201,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Balentine LLC grew its holdings in shares of Equinix by 0.8% during the third quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 14 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of 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 buying an additional 14 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Equinix by 0.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after buying an additional 15 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of Equinix by 1.6% during the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after buying an additional 15 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV grew its holdings in shares of Equinix by 0.8% during the third quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 16 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Equinix news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 approximately $1,034,548.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Camp Peter Van sold 122 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,585 shares of company stock worth $3,818,268. 0.27% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Equinix
Equinix Stock Performance
NASDAQ:EQIX traded down $18.49 during mid-day trading on Thursday, hitting $738.35. 812,622 shares of the company’s stock traded hands, compared to its average volume of 568,639. The firm has a 50 day moving average of $828.73 and a two-hundred day moving average of $803.06. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The firm has a market capitalization of $69.86 billion, a price-to-earnings ratio of 73.41, a price-to-earnings-growth ratio of 1.97 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19.
Equinix Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.31%. Equinix’s payout ratio is 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.
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