Arthur M. Cohen & Associates LLC Purchases 459 Shares of Equinix, Inc. (NASDAQ:EQIX)

Arthur M. Cohen & Associates LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,857 shares of the financial services provider’s stock after purchasing an additional 459 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Equinix were worth $2,694,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in shares of Equinix during the 4th quarter worth approximately $816,000. Avanza Fonder AB acquired a new position in Equinix during the fourth quarter worth $6,758,000. Procyon Advisors LLC lifted its holdings in shares of Equinix by 5.5% during the fourth quarter. Procyon Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 16 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Equinix in the 4th quarter valued at $26,509,000. Finally, Retireful LLC bought a new stake in shares of Equinix in the 4th quarter worth about $802,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EQIX shares. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Truist Financial raised their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Evercore ISI increased their price target on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Barclays increased their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $976.81.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares in the company, valued at $5,886,959.95. This trade represents a 20.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the sale, the chief financial officer now owns 22,076 shares in the company, valued at $20,085,186.32. The trade was a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,412 shares of company stock valued at $18,826,100 in the last quarter. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

EQIX opened at $915.59 on Friday. The company has a market capitalization of $88.35 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. The business’s 50-day moving average price is $941.75 and its two-hundred day moving average price is $874.79. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

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.