NorthRock Partners LLC Has $1.11 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

NorthRock Partners LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 202.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,175 shares of the financial services provider's stock after purchasing an additional 786 shares during the period. NorthRock Partners LLC's holdings in Equinix were worth $1,108,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after buying an additional 203,656 shares during the period. Brookstone Capital Management acquired a new position in Equinix in the 4th quarter worth about $223,000. Wedmont Private Capital raised its stake in shares of Equinix by 7.3% during the 4th quarter. Wedmont Private Capital now owns 1,032 shares of the financial services provider's stock worth $928,000 after purchasing an additional 70 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Equinix by 9.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 574 shares of the financial services provider's stock worth $541,000 after purchasing an additional 50 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Equinix by 7.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,184 shares of the financial services provider's stock valued at $1,116,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 215 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the transaction, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,167 shares of company stock valued at $6,658,536 over the last 90 days. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

NASDAQ:EQIX traded up $1.15 during trading hours on Monday, reaching $877.07. The company had a trading volume of 247,066 shares, compared to its average volume of 524,836. The stock has a 50-day moving average of $825.46 and a two-hundred day moving average of $892.63. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a market capitalization of $85.79 billion, a PE ratio of 102.58, a PEG ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $8.86 earnings per share. Analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's payout ratio is presently 195.01%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQIX. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. BMO Capital Markets cut their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, May 1st. Truist Financial lowered their target price on shares of Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Stifel Nicolaus upped their price target on Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and six have issued a strong buy rating to the company's stock. According to MarketBeat.com, Equinix currently has an average rating of "Buy" and a consensus target price of $1,004.65.

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.