Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by CapWealth Advisors LLC

CapWealth Advisors LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,300 shares of the financial services provider’s stock after acquiring an additional 33 shares during the quarter. Equinix comprises 2.1% of CapWealth Advisors LLC’s investment portfolio, making the stock its 20th biggest position. CapWealth Advisors LLC’s holdings in Equinix were worth $18,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Equinix by 0.3% during the third quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock worth $8,883,018,000 after purchasing an additional 34,926 shares during the period. Cohen & Steers Inc. raised its stake in Equinix by 0.5% during the fourth quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider’s stock worth $2,087,096,000 after purchasing an additional 13,988 shares during the period. Norges Bank purchased a new stake in shares of Equinix in the 4th quarter valued at approximately $1,574,132,000. Principal Financial Group Inc. raised its stake in shares of Equinix by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,649,308 shares of the financial services provider’s stock valued at $1,361,224,000 after acquiring an additional 213,740 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Equinix by 1.4% in the 4th quarter. Wellington Management Group LLP now owns 992,401 shares of the financial services provider’s stock valued at $799,270,000 after acquiring an additional 13,274 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the sale, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EQIX. Truist Financial boosted their price target on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Barclays boosted their price target on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Royal Bank of Canada reduced their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Morgan Stanley dropped their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $872.33.

Equinix Stock Up 1.3 %

Shares of Equinix stock traded up $9.91 during trading hours on Tuesday, hitting $766.83. The company had a trading volume of 338,908 shares, compared to its average volume of 588,693. The company’s 50-day moving average is $758.08 and its two-hundred day moving average is $797.81. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $72.78 billion, a P/E ratio of 76.91, a price-to-earnings-growth ratio of 2.62 and a beta of 0.68.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s payout ratio is 170.91%.

Equinix 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.