Equinix, Inc. (REIT) (NASDAQ:EQIX) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC cut its holdings in shares of Equinix, Inc. (REIT) (NASDAQ:EQIX) by 4.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,529 shares of the financial services provider’s stock after selling 71 shares during the period. Evercore Wealth Management LLC’s holdings in Equinix were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Equinix by 7.2% in the 1st quarter. BlackRock Inc. now owns 7,318,553 shares of the financial services provider’s stock valued at $4,973,617,000 after buying an additional 489,436 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Equinix by 2.1% in the 1st quarter. Cohen & Steers Inc. now owns 2,105,039 shares of the financial services provider’s stock valued at $1,430,542,000 after buying an additional 43,671 shares in the last quarter. Geode Capital Management LLC lifted its stake in Equinix by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 1,589,885 shares of the financial services provider’s stock valued at $1,077,718,000 after buying an additional 48,515 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Equinix by 13.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,193,559 shares of the financial services provider’s stock valued at $811,125,000 after buying an additional 145,182 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Equinix by 37.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,173 shares of the financial services provider’s stock valued at $768,734,000 after buying an additional 305,804 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

EQIX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Equinix from $850.00 to $920.00 and gave the stock a “buy” rating in a research note on Monday, June 14th. Wells Fargo & Company raised their target price on shares of Equinix from $825.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday, June 24th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $861.00 to $895.00 and gave the stock an “overweight” rating in a research note on Thursday, June 24th. Truist Securities raised their target price on shares of Equinix from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 24th. Finally, TheStreet raised shares of Equinix from a “c+” rating to a “b-” rating in a research note on Wednesday, April 28th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $864.48.

Equinix stock opened at $819.76 on Thursday. Equinix, Inc. has a fifty-two week low of $586.73 and a fifty-two week high of $845.62. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50 day moving average of $787.67. The firm has a market cap of $73.43 billion, a P/E ratio of 179.38, a PEG ratio of 2.18 and a beta of 0.29.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 28th. The financial services provider reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.03 by ($4.29). Equinix had a net margin of 6.62% and a return on equity of 5.85%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business posted $6.21 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts predict that Equinix, Inc. will post 24.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 16th. Investors of record on Wednesday, May 19th were issued a $2.87 dividend. The ex-dividend date of this dividend was Tuesday, May 18th. This represents a $11.48 annualized dividend and a yield of 1.40%. Equinix’s dividend payout ratio (DPR) is presently 46.37%.

In other Equinix news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $711.35, for a total value of $711,350.00. Following the completion of the transaction, the chief financial officer now owns 22,083 shares in the company, valued at $15,708,742.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 5,051 shares of the business’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $795.42, for a total transaction of $4,017,666.42. Following the completion of the transaction, the chief executive officer now owns 8,815 shares of the company’s stock, valued at approximately $7,011,627.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,501 shares of company stock valued at $13,019,508. Insiders own 13.20% of the company’s stock.

About Equinix

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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