Dakota Wealth Management Buys 1,789 Shares of Equinix, Inc. (NASDAQ:EQIX)

Dakota Wealth Management raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,337 shares of the financial services provider's stock after acquiring an additional 1,789 shares during the period. Dakota Wealth Management's holdings in Equinix were worth $7,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Braun Stacey Associates Inc. lifted its holdings in shares of Equinix by 12.5% during the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider's stock worth $25,938,000 after buying an additional 3,591 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Equinix by 9.8% in 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 purchasing an additional 12,129 shares during the period. Prime Capital Investment Advisors LLC grew 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 increased its holdings in shares of Equinix by 126.8% during 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 period. Finally, DNB Asset Management AS raised its position in shares of Equinix by 20.3% during the fourth quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider's stock valued at $19,699,000 after buying an additional 4,132 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Down 2.6 %

EQIX stock traded down $19.94 during trading on Monday, hitting $744.11. The company had a trading volume of 574,819 shares, compared to its average volume of 560,638. The firm has a 50-day moving average price of $844.04 and a 200-day moving average price of $801.95. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock has a market cap of $70.41 billion, a price-to-earnings ratio of 73.10, a PEG ratio of 1.82 and a beta of 0.58.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix's dividend payout ratio (DPR) is presently 165.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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. Oppenheimer upped their target price on Equinix from $875.00 to $950.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. BMO Capital Markets lifted their price target 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. Stifel Nicolaus restated a "buy" rating and issued a $960.00 price objective on shares of Equinix in a research note on Wednesday, March 13th. Finally, HSBC lowered shares of Equinix from a "buy" rating to a "hold" rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $868.72.

Insider Activity at Equinix

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares of the company's stock, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equinix news, insider Michael Earl Campbell sold 2,199 shares of the company's stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $799.92, for a total transaction of $1,759,024.08. Following the completion of the sale, the insider now owns 14,067 shares in the company, valued at approximately $11,252,474.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Camp Peter Van sold 122 shares of the firm's stock in a transaction 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 owns 7,968 shares in the company, valued at $6,622,364.16. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock worth $14,788,771 over the last 90 days. Insiders own 0.32% of the company's stock.

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.