Nisa Investment Advisors LLC Purchases 1,186 Shares of Equinix, Inc. (NASDAQ:EQIX)

Nisa Investment Advisors LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,398 shares of the financial services provider’s stock after purchasing an additional 1,186 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Equinix worth $44,617,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Equinix by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after acquiring an additional 34,926 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Equinix by 1.2% during the first quarter. Geode Capital Management LLC now owns 2,004,008 shares of the financial services provider’s stock worth $1,441,837,000 after buying an additional 23,150 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Equinix by 44.6% during the third quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after buying an additional 431,435 shares in the last quarter. Northern Trust Corp boosted its holdings in Equinix by 1.7% during the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after buying an additional 20,241 shares in the last quarter. Finally, Norges Bank purchased a new stake in Equinix during the fourth quarter worth $725,557,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the completion of the sale, the chief executive officer now directly owns 16,360 shares in the company, valued at $13,090,944.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Charles J. Meyers sold 7,174 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the completion of the transaction, the chief executive officer now owns 16,360 shares of the company’s stock, valued at $13,090,944.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Earl Campbell sold 2,199 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,282 shares of company stock worth $14,788,771. Insiders own 0.32% of the company’s stock.

Equinix Trading Up 0.4 %

Equinix stock traded up $3.37 during midday trading on Friday, hitting $784.41. 446,419 shares of the stock were exchanged, compared to its average volume of 798,123. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 76.08, a PEG ratio of 1.87 and a beta of 0.58. The stock’s 50-day simple moving average is $849.83 and its 200 day simple moving average is $799.64. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Analyst Ratings Changes

Several research firms have issued reports on EQIX. BMO Capital Markets increased their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Truist Financial increased their price objective on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada increased their price objective on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley decreased their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Seven investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $868.72.

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.