CapWealth Advisors LLC Has $21.46 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

CapWealth Advisors LLC reduced its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 0.4% in the 1st quarter, Holdings Channel reports. The firm owned 28,938 shares of the financial services provider’s stock after selling 109 shares during the quarter. Equinix comprises approximately 2.2% of CapWealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. CapWealth Advisors LLC’s holdings in Equinix were worth $21,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Norges Bank bought a new position in Equinix in the fourth quarter worth $625,540,000. BlackRock Inc. lifted its position in Equinix by 5.2% in the fourth quarter. BlackRock Inc. now owns 8,928,856 shares of the financial services provider’s stock worth $7,552,383,000 after purchasing an additional 441,521 shares during the period. State Street Corp lifted its position in Equinix by 9.6% in the fourth quarter. State Street Corp now owns 4,946,856 shares of the financial services provider’s stock worth $4,184,249,000 after purchasing an additional 433,155 shares during the period. PGGM Investments lifted its position in Equinix by 68.0% in the fourth quarter. PGGM Investments now owns 745,654 shares of the financial services provider’s stock worth $630,704,000 after purchasing an additional 301,802 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Equinix by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,415,877 shares of the financial services provider’s stock worth $1,197,606,000 after purchasing an additional 130,179 shares during the period. 92.68% of the stock is owned by institutional investors.

Equinix Price Performance

Shares of EQIX stock opened at $653.78 on Monday. The stock has a 50-day moving average price of $655.92 and a 200 day moving average price of $696.40. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.25. The firm has a market cap of $59.50 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 3.08 and a beta of 0.47. Equinix, Inc. has a 12 month low of $606.12 and a 12 month high of $885.26.

Equinix (NASDAQ:EQIXGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $6.46 by ($4.84). Equinix had a return on equity of 4.57% and a net margin of 7.25%. During the same period last year, the business earned $6.98 earnings per share. Research analysts expect that Equinix, Inc. will post 25.86 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, May 18th were given a $3.10 dividend. The ex-dividend date was Tuesday, May 17th. This represents a $12.40 dividend on an annualized basis and a yield of 1.90%. Equinix’s payout ratio is 228.78%.

Insider Transactions at Equinix

In other news, EVP Jonathan Lin sold 76 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $676.00, for a total transaction of $51,376.00. Following the completion of the transaction, the executive vice president now directly owns 5,084 shares in the company, valued at approximately $3,436,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $651.91, for a total transaction of $32,595.50. Following the completion of the transaction, the director now directly owns 17,563 shares in the company, valued at approximately $11,449,495.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Lin sold 76 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $676.00, for a total value of $51,376.00. Following the transaction, the executive vice president now owns 5,084 shares of the company’s stock, valued at $3,436,784. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,126 shares of company stock worth $742,362. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on EQIX shares. Deutsche Bank Aktiengesellschaft raised their target price on Equinix from $780.00 to $785.00 and gave the stock a “buy” rating in a research report on Friday, April 8th. Credit Suisse Group lifted their price objective on Equinix from $673.00 to $714.00 and gave the company a “neutral” rating in a report on Monday, April 25th. StockNews.com cut Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. The Goldman Sachs Group cut their price objective on Equinix from $875.00 to $765.00 and set a “buy” rating for the company in a report on Tuesday, July 12th. Finally, TheStreet cut Equinix from a “b-” rating to a “c+” rating in a report on Monday, June 13th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $841.50.

Equinix Profile

(Get Rating)

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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