Equinix, Inc. (NASDAQ:EQIX) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 34.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,081 shares of the financial services provider’s stock after selling 11,165 shares during the quarter. 1832 Asset Management L.P.’s holdings in Equinix were worth $17,399,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. CNB Bank raised its stake in Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 19 shares during the last quarter. Valley National Advisers Inc. raised its stake in Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Criterion Capital Advisors LLC acquired a new position in Equinix in the 4th quarter valued at $32,000. Rise Advisors LLC acquired a new position in Equinix in the 1st quarter valued at $39,000. Finally, Rational Advisors LLC acquired a new position in Equinix in the 1st quarter valued at $53,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Up 0.4 %

NASDAQ EQIX traded up $3.12 during trading on Friday, hitting $772.43. The stock had a trading volume of 541,016 shares, compared to its average volume of 366,784. The company has a market capitalization of $73.31 billion, a PE ratio of 77.48, a PEG ratio of 2.67 and a beta of 0.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average price of $770.49 and a 200 day moving average price of $797.06. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s dividend payout ratio is currently 170.91%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent research reports. Barclays increased their price objective on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Wells Fargo & Company upgraded Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $825.00 to $875.00 in a report on Tuesday, July 23rd. Mizuho started coverage on Equinix in a report on Thursday, July 11th. They issued an “outperform” rating and a $873.00 target price for the company. The Goldman Sachs Group started coverage on Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 target price for the company. Finally, Royal Bank of Canada dropped their target price on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $875.50.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now directly owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction dated Thursday, May 16th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated 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 transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

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.