Brighton Jones LLC Has $307,000 Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Brighton Jones LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326 shares of the financial services provider’s stock after purchasing an additional 73 shares during the period. Brighton Jones LLC’s holdings in Equinix were worth $307,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Montecito Bank & Trust lifted its holdings in Equinix by 3.1% during the 4th quarter. Montecito Bank & Trust now owns 436 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 13 shares during the last quarter. Verde Capital Management lifted its holdings in shares of Equinix by 11.1% during the fourth quarter. Verde Capital Management now owns 2,191 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 219 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of Equinix by 3.6% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 5,947 shares of the financial services provider’s stock valued at $5,608,000 after acquiring an additional 205 shares during the period. Mutual Advisors LLC grew its stake in shares of Equinix by 14.5% in the fourth quarter. Mutual Advisors LLC now owns 788 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 100 shares in the last quarter. Finally, Wendell David Associates Inc. increased its position in Equinix by 38.9% during the fourth quarter. Wendell David Associates Inc. now owns 4,101 shares of the financial services provider’s stock worth $3,867,000 after acquiring an additional 1,149 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 4.3 %

Shares of EQIX opened at $900.10 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a market capitalization of $86.85 billion, a price-to-earnings ratio of 81.16, a PEG ratio of 2.20 and a beta of 0.73. The stock has a fifty day moving average of $944.51 and a 200-day moving average of $883.61.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s payout ratio is 153.65%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the completion of the sale, the executive vice president now owns 4,893 shares in the company, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,549 shares of company stock worth $18,036,455. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. HSBC raised Equinix from a “hold” rating to a “buy” rating and increased their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Stifel Nicolaus lifted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays increased their target price on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Finally, TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $997.53.

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.