Fulton Bank N.A. Acquires 347 Shares of Equinix, Inc. (NASDAQ:EQIX)

Fulton Bank N.A. lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 134.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605 shares of the financial services provider’s stock after acquiring an additional 347 shares during the period. Fulton Bank N.A.’s holdings in Equinix were worth $570,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its stake in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Meeder Asset Management Inc. bought a new stake in Equinix during the 2nd quarter worth approximately $36,000. Sugarloaf Wealth Management LLC lifted its stake in Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, Dunhill Financial LLC boosted its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 1.2 %

NASDAQ:EQIX opened at $951.04 on Friday. The firm has a market capitalization of $91.77 billion, a P/E ratio of 85.76, a P/E/G ratio of 2.48 and a beta of 0.72. 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 company has a fifty day moving average of $941.24 and a 200 day moving average of $869.42. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.79%. Equinix’s dividend payout ratio is currently 153.65%.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares in the company, valued at approximately $7,531,365. This represents a 9.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’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 sale, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,398 shares of company stock worth $7,906,218 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and lifted their price target for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Cfra restated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Wells Fargo & Company lifted their target price on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three equities research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $976.81.

Equinix Company 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.