CW Advisors LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,798 shares of the financial services provider’s stock after selling 68 shares during the period. CW Advisors LLC’s holdings in Equinix were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in Equinix by 8.2% in the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock worth $42,643,000 after buying an additional 3,981 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Equinix by 71.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock valued at $60,690,000 after buying an additional 31,073 shares during the last quarter. First United Bank & Trust bought a new stake in shares of Equinix during the 1st quarter valued at about $451,000. Partners Group Holding AG grew its position in shares of Equinix by 10.6% during the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after buying an additional 4,968 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its stake in shares of Equinix by 20.1% in the first quarter. Miller Howard Investments Inc. NY now owns 3,864 shares of the financial services provider’s stock valued at $3,150,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
Equinix Stock Performance
NASDAQ:EQIX opened at $786.47 on Friday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm’s fifty day simple moving average is $796.24 and its 200 day simple moving average is $838.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $76.97 billion, a PE ratio of 77.03, a PEG ratio of 1.42 and a beta of 0.90.
Equinix Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix’s dividend payout ratio (DPR) is currently 183.74%.
Wall Street Analyst Weigh In
EQIX has been the topic of several analyst reports. Cowen restated a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. UBS Group reduced their target price on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a report on Friday, July 11th. BNP Paribas upgraded shares of Equinix to a “strong-buy” rating in a research report on Thursday, May 1st. Scotiabank reduced their price target on shares of Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 26th. Finally, Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $962.52.
Get Our Latest Research Report on Equinix
Insider Buying and Selling at Equinix
In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
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.
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