Equinix, Inc. (NASDAQ:EQIX) Stock Position Lessened by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,400 shares of the financial services provider’s stock after selling 700 shares during the quarter. Forsta AP Fonden’s holdings in Equinix were worth $12,163,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Equinix by 5.2% in the fourth quarter. BlackRock Inc. now owns 8,928,856 shares of the financial services provider’s stock worth $7,552,383,000 after purchasing an additional 441,521 shares in the last quarter. State Street Corp grew its stake in shares of Equinix by 9.6% in the fourth quarter. State Street Corp now owns 4,946,856 shares of the financial services provider’s stock worth $4,184,249,000 after purchasing an additional 433,155 shares in the last quarter. Capital International Investors grew its stake in shares of Equinix by 2.9% in the fourth quarter. Capital International Investors now owns 2,575,828 shares of the financial services provider’s stock worth $2,178,713,000 after purchasing an additional 72,775 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Equinix by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,788,493 shares of the financial services provider’s stock worth $1,509,133,000 after purchasing an additional 61,992 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Equinix by 2.2% in the fourth quarter. Capital Research Global Investors now owns 1,471,283 shares of the financial services provider’s stock worth $1,244,469,000 after purchasing an additional 31,696 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, EVP Jonathan Lin sold 76 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $676.00, for a total value of $51,376.00. Following the sale, the executive vice president now directly owns 5,084 shares in the company, valued at $3,436,784. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jonathan Lin sold 76 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $676.00, for a total value of $51,376.00. Following the sale, the executive vice president now directly owns 5,084 shares in the company, valued at $3,436,784. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $658.39, for a total value of $658,390.00. Following the sale, the chief financial officer now owns 21,120 shares in the company, valued at approximately $13,905,196.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,126 shares of company stock valued at $742,362. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EQIX shares. Oppenheimer raised Equinix from a “market perform” rating to an “outperform” rating and set a $750.00 target price for the company in a research note on Thursday, July 28th. Wells Fargo & Company decreased their target price on Equinix from $775.00 to $760.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. The Goldman Sachs Group decreased their target price on Equinix from $875.00 to $765.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. StockNews.com cut Equinix from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Equinix from $785.00 to $750.00 in a research note on Thursday, July 28th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $818.31.

Equinix Stock Up 0.1 %

NASDAQ:EQIX opened at $697.51 on Friday. Equinix, Inc. has a 1 year low of $606.12 and a 1 year high of $885.26. The company has a current ratio of 2.04, a quick ratio of 1.91 and a debt-to-equity ratio of 1.38. The stock has a market cap of $63.52 billion, a price-to-earnings ratio of 99.22, a PEG ratio of 3.10 and a beta of 0.48. The stock has a 50-day moving average price of $660.50 and a two-hundred day moving average price of $692.13.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 17th will be paid a $3.10 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $12.40 dividend on an annualized basis and a yield of 1.78%. Equinix’s payout ratio is 176.39%.

Equinix Profile

(Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

Featured Stories

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.