Lyell Wealth Management LP Buys 798 Shares of Equinix, Inc. (NASDAQ:EQIX)

Lyell Wealth Management LP grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 23.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,244 shares of the financial services provider’s stock after purchasing an additional 798 shares during the period. Lyell Wealth Management LP’s holdings in Equinix were worth $3,418,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EQIX. Braun Stacey Associates Inc. raised its holdings in shares of Equinix by 12.5% in the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock worth $25,938,000 after buying an additional 3,591 shares during the period. Nordea Investment Management AB raised its holdings in shares of Equinix by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after buying an additional 12,129 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of Equinix by 127.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 787 shares during the period. TIAA Trust National Association raised its holdings in shares of Equinix by 126.8% in the fourth quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock worth $3,417,000 after buying an additional 2,372 shares during the period. Finally, DNB Asset Management AS increased its holdings in Equinix by 20.3% during the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock worth $19,699,000 after purchasing an additional 4,132 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In other news, CEO Charles J. Meyers sold 2,110 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total value of $1,756,975.90. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the chief executive officer now owns 10,115 shares of the company’s stock, valued at approximately $8,422,659.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock valued at $3,818,268 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Down 0.7 %

Shares of Equinix stock traded down $5.06 during trading on Wednesday, reaching $756.84. The company’s stock had a trading volume of 775,655 shares, compared to its average volume of 565,545. 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 company has a market cap of $71.61 billion, a price-to-earnings ratio of 73.41, a P/E/G ratio of 1.95 and a beta of 0.58. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The company has a 50-day simple moving average of $828.73 and a two-hundred day simple moving average of $803.06.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.25%. Equinix’s payout ratio is 165.28%.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Stifel Nicolaus restated a “buy” rating and set a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Morgan Stanley reduced their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Barclays reduced their price objective on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a report on Wednesday, March 20th. Seven investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.