Tilt Investment Management Holdings PBC Sells 115 Shares of Equinix, Inc. (NASDAQ:EQIX)

Tilt Investment Management Holdings PBC lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384 shares of the financial services provider’s stock after selling 115 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Equinix were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in shares of Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Equinix in the 3rd quarter worth about $29,000. Operose Advisors LLC purchased a new position in Equinix during the 3rd quarter valued at about $36,000. Asset Dedication LLC grew its holdings in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after buying an additional 25 shares in the last quarter. Finally, Quarry LP increased its position in shares of Equinix by 237.5% during the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after buying an additional 38 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 0.6 %

Shares of EQIX traded up $4.39 during mid-day trading on Thursday, reaching $738.95. The company’s stock had a trading volume of 245,301 shares, compared to its average volume of 555,967. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93. The stock has a market cap of $69.92 billion, a PE ratio of 71.25, a P/E/G ratio of 1.92 and a beta of 0.58. The company’s fifty day moving average price is $838.03 and its two-hundred day moving average price is $801.76. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.31%. Equinix’s payout ratio is 165.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EQIX shares. Royal Bank of Canada raised their price objective on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Barclays reduced their price target on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research report on Wednesday. BMO Capital Markets upped their price target on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company raised their price target on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $862.50.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the transaction, the insider now directly owns 14,002 shares in the company, valued at approximately $11,661,425.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the sale, the insider now directly owns 14,002 shares in the company, valued at approximately $11,661,425.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,585 shares of company stock worth $3,818,268. Company insiders own 0.32% of the company’s stock.

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.