Guardian Capital LP Purchases Shares of 8,264 Equinix, Inc. (NASDAQ:EQIX)

Guardian Capital LP acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,264 shares of the financial services provider's stock, valued at approximately $6,656,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goelzer Investment Management Inc. boosted its stake in shares of Equinix by 0.3% in the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider's stock worth $3,364,000 after buying an additional 13 shares during the last quarter. Balentine LLC grew its stake in shares of Equinix by 0.8% during the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider's stock worth $1,240,000 after purchasing an additional 14 shares during the period. Sage Mountain Advisors LLC increased its holdings in shares of Equinix by 3.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 14 shares in the last quarter. Legacy Advisors LLC lifted its stake in shares of Equinix by 1.6% in the 3rd quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider's stock valued at $679,000 after purchasing an additional 15 shares during the period. Finally, Ieq Capital LLC boosted its holdings in Equinix by 0.5% during the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider's stock worth $2,354,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on shares of Equinix from $862.00 to $859.00 and set a "buy" rating for the company in a report on Friday. Royal Bank of Canada upped their price target on Equinix from $855.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 29th. Oppenheimer increased their price target on Equinix from $875.00 to $950.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price objective on Equinix from $800.00 to $825.00 and gave the company an "equal weight" rating in a research report on Thursday, February 15th. Finally, HSBC lowered 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $869.76.

Equinix Trading Up 1.7 %

Equinix stock traded up $12.93 during trading on Tuesday, reaching $789.82. 905,263 shares of the company were exchanged, compared to its average volume of 626,779. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The stock's 50 day simple moving average is $788.56 and its two-hundred day simple moving average is $803.47. The company has a market capitalization of $74.73 billion, a P/E ratio of 79.02, a PEG ratio of 1.95 and a beta of 0.62. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix's dividend payout ratio is currently 170.91%.

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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