Geneos Wealth Management Inc. Grows Holdings in Equinix, Inc. (NASDAQ:EQIX)

Geneos Wealth Management Inc. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 23.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,381 shares of the financial services provider’s stock after purchasing an additional 456 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Equinix were worth $2,245,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equinix by 302.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after buying an additional 813,666 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after acquiring an additional 398,494 shares during the period. Adelante Capital Management LLC lifted its position in shares of Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after acquiring an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after acquiring an additional 203,656 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Equinix by 21.5% during the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock valued at $682,826,000 after purchasing an additional 159,576 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,549 shares of company stock worth $18,036,455 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several recent analyst reports. Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and upped their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Stifel Nicolaus lifted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $984.88.

Equinix Trading Down 0.0 %

Shares of EQIX opened at $940.85 on Monday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $944.51 and its 200-day simple moving average is $882.86. The company has a market cap of $90.78 billion, a P/E ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

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.