Stevens Capital Management LP Invests $599,000 in Equinix, Inc. (NASDAQ:EQIX)

Stevens Capital Management LP bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 744 shares of the financial services provider’s stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abbrea Capital LLC acquired a new stake in Equinix during the fourth quarter valued at $206,000. Syon Capital LLC raised its stake in Equinix by 9.1% during the fourth quarter. Syon Capital LLC now owns 517 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 43 shares during the period. Lyell Wealth Management LP raised its stake in Equinix by 23.2% during the fourth quarter. Lyell Wealth Management LP now owns 4,244 shares of the financial services provider’s stock worth $3,418,000 after purchasing an additional 798 shares during the period. Sycomore Asset Management increased its position in shares of Equinix by 20.4% during the fourth quarter. Sycomore Asset Management now owns 9,916 shares of the financial services provider’s stock valued at $8,001,000 after acquiring an additional 1,679 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Equinix by 3.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,206 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Equinix news, CEO Charles J. Meyers sold 2,110 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the transaction, the chief executive officer now owns 10,115 shares of the company’s stock, valued at approximately $8,422,659.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Camp Peter Van sold 122 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock worth $3,818,268 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Down 2.4 %

Shares of EQIX stock traded down $18.49 during mid-day trading on Thursday, reaching $738.35. 812,622 shares of the company were exchanged, compared to its average volume of 568,639. The company has a market capitalization of $69.86 billion, a P/E ratio of 73.41, a P/E/G ratio of 1.97 and a beta of 0.58. The business’s 50 day simple moving average is $828.73 and its 200 day simple moving average is $803.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 price target on shares of Equinix in a research report on Wednesday, March 13th. BMO Capital Markets lifted 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. Royal Bank of Canada boosted their price target on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Finally, Oppenheimer boosted their price objective on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $862.50.

Equinix Company 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.