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

Geneos Wealth Management Inc. grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 23.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,381 shares of the financial services provider’s stock after buying an additional 456 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Equinix were worth $2,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 purchasing an additional 813,666 shares during the period. Pathway Financial Advisers LLC boosted its stake in shares of Equinix by 89,348.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Adelante Capital Management LLC increased its position in shares of Equinix by 202.3% during 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 buying an additional 344,114 shares during the period. JPMorgan Chase & Co. raised its stake in 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 buying an additional 203,656 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position 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 acquiring an additional 159,576 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 222 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares of the company’s stock, valued at approximately $976,633. This represents a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the transaction, the insider now owns 6,505 shares in the company, valued at $5,886,959.95. This represents a 20.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,549 shares of company stock worth $18,036,455. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQIX. Stifel Nicolaus increased their target price on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial increased their price objective on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. BMO Capital Markets boosted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $984.88.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $940.85 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $944.51 and its 200-day moving average price is $882.86. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a market cap of $90.78 billion, a PE ratio of 84.84, a PEG ratio of 2.20 and a beta of 0.73.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.