Aew Capital Management L P Has $250.29 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Aew Capital Management L P raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,764 shares of the financial services provider’s stock after purchasing an additional 2,503 shares during the quarter. Equinix accounts for 9.1% of Aew Capital Management L P’s investment portfolio, making the stock its 2nd largest position. Aew Capital Management L P owned approximately 0.33% of Equinix worth $250,286,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Balentine LLC raised its holdings in shares of Equinix by 0.8% during the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 14 shares in the last quarter. Sage Mountain Advisors LLC increased its position in Equinix by 3.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Equinix by 0.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after acquiring an additional 15 shares during the last quarter. Legacy Advisors LLC increased its position in Equinix by 1.6% during the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 15 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in Equinix by 0.8% in the third quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 16 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the company’s 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 directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the company’s 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 directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders sold a total of 4,585 shares of company stock valued at $3,818,268 over the last three months. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX stock traded down $6.74 during trading on Friday, reaching $731.61. 779,472 shares of the company’s stock were exchanged, compared to its average volume of 571,243. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a market cap of $69.22 billion, a PE ratio of 70.96, a P/E/G ratio of 1.95 and a beta of 0.58. The company’s fifty day moving average price is $823.50 and its 200-day moving average price is $802.62. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio is 165.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a research report on Wednesday, March 20th. Morgan Stanley dropped their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Finally, Royal Bank of Canada lifted their price target on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $862.50.

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.