Duality Advisers LP Purchases 2,717 Shares of Equinix, Inc. (NASDAQ:EQIX)

Duality Advisers LP boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 91.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,698 shares of the financial services provider’s stock after buying an additional 2,717 shares during the quarter. Duality Advisers LP’s holdings in Equinix were worth $4,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CNB Bank lifted its stake in Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 19 shares during the period. Valley National Advisers Inc. lifted its position in shares of Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares during the period. Criterion Capital Advisors LLC purchased a new stake in shares of Equinix in the 4th quarter worth about $32,000. Rise Advisors LLC bought a new stake in shares of Equinix during the 1st quarter valued at about $39,000. Finally, Anchor Investment Management LLC purchased a new position in Equinix during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research analyst reports. HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a report on Wednesday, March 20th. Truist Financial boosted their price objective on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen cut their target price on shares of Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Royal Bank of Canada decreased their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research note on Tuesday, May 28th. Finally, Mizuho initiated coverage on Equinix in a research note on Thursday. They issued an “outperform” rating and a $873.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $872.38.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Up 1.5 %

Shares of EQIX traded up $12.20 during mid-day trading on Friday, hitting $810.00. The company’s stock had a trading volume of 311,839 shares, compared to its average volume of 583,416. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average is $761.67 and its 200-day moving average is $797.66. Equinix, Inc. has a 52-week low of $677.80 and a 52-week high of $914.93. The firm has a market capitalization of $76.88 billion, a price-to-earnings ratio of 80.02, a PEG ratio of 2.70 and a beta of 0.68.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were paid a $4.26 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.10%. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

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.