Aew Capital Management L P Purchases 2,503 Shares of Equinix, Inc. (NASDAQ:EQIX)

Aew Capital Management L P grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 310,764 shares of the financial services provider’s stock after purchasing an additional 2,503 shares during the period. Equinix comprises 9.1% of Aew Capital Management L P’s investment portfolio, making the stock its 2nd largest position. Aew Capital Management L P’s holdings in Equinix were worth $250,286,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EQIX. Braun Stacey Associates Inc. raised its holdings in Equinix by 12.5% during the fourth 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 in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Equinix by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after acquiring an additional 12,129 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in Equinix by 127.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock worth $1,130,000 after purchasing an additional 787 shares during the last quarter. TIAA Trust National Association raised its position in Equinix by 126.8% in the 4th quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock worth $3,417,000 after purchasing an additional 2,372 shares during the last quarter. Finally, DNB Asset Management AS raised its position in Equinix by 20.3% in the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock worth $19,699,000 after purchasing an additional 4,132 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on EQIX shares. Royal Bank of Canada upped their target price on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research note on Wednesday, March 20th. BMO Capital Markets increased their price objective on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Oppenheimer increased their price objective on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Finally, Truist Financial upped their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $862.50.

Equinix Price Performance

Shares of Equinix stock traded down $6.74 on Friday, hitting $731.61. 779,472 shares of the company traded hands, compared to its average volume of 571,243. The firm’s 50-day simple moving average is $823.50 and its 200 day simple moving average is $802.62. 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 company has a market cap of $69.22 billion, a P/E ratio of 70.96, a P/E/G ratio of 1.95 and a beta of 0.58. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93.

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 issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the sale, the insider now owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the transaction, the insider now directly owns 14,002 shares of the company’s stock, valued at $11,661,425.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock valued at $3,818,268 in the last quarter. Insiders own 0.27% of the company’s stock.

About Equinix

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.