Equinix, Inc. (NASDAQ:EQIX) Stock Position Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282 shares of the financial services provider’s stock after buying an additional 17 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Equinix were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Stonegate Investment Group LLC raised its stake in shares of Equinix by 22.5% in the 4th quarter. Stonegate Investment Group LLC now owns 370 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 68 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Equinix by 6.9% in the fourth quarter. DAVENPORT & Co LLC now owns 327 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 21 shares during the period. Independence Bank of Kentucky lifted its stake in shares of Equinix by 95.5% in the fourth quarter. Independence Bank of Kentucky now owns 129 shares of the financial services provider’s stock worth $104,000 after buying an additional 63 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Equinix during the 4th quarter worth $255,000. Finally, Ballentine Partners LLC grew its stake in Equinix by 30.8% in the 4th quarter. Ballentine Partners LLC now owns 934 shares of the financial services provider’s stock valued at $752,000 after buying an additional 220 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock traded down $4.53 during trading hours on Friday, hitting $806.65. The company had a trading volume of 379,114 shares, compared to its average volume of 406,985. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average is $771.50 and its 200 day moving average is $796.35. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 80.91, a PEG ratio of 2.80 and a beta of 0.68.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.11%. Equinix’s dividend payout ratio is currently 170.91%.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business’s 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 transaction, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on 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 owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares in the company, 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 Upgrades and Downgrades

A number of research analysts have weighed in on EQIX shares. Royal Bank of Canada cut their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. TD Cowen cut their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $825.00 to $875.00 in a report on Tuesday, July 23rd. The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price target for the company. Finally, Barclays raised their price objective on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $873.20.

About Equinix

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.