Wetherby Asset Management Inc. reduced its position in Equinix, Inc. (NASDAQ:EQIX – Get Rating) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,803 shares of the financial services provider’s stock after selling 63 shares during the period. Wetherby Asset Management Inc.’s holdings in Equinix were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Equinix by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 11,930,683 shares of the financial services provider’s stock worth $8,848,034,000 after acquiring an additional 228,639 shares in the last quarter. BlackRock Inc. increased its holdings in Equinix by 5.2% in the 4th quarter. BlackRock Inc. now owns 8,928,856 shares of the financial services provider’s stock worth $7,552,383,000 after acquiring an additional 441,521 shares in the last quarter. State Street Corp increased its holdings in Equinix by 8.7% in the 1st quarter. State Street Corp now owns 5,377,560 shares of the financial services provider’s stock worth $3,988,106,000 after acquiring an additional 430,704 shares in the last quarter. Capital International Investors increased its holdings in Equinix by 2.9% in the 4th quarter. Capital International Investors now owns 2,575,828 shares of the financial services provider’s stock worth $2,178,713,000 after acquiring an additional 72,775 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Equinix by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,788,493 shares of the financial services provider’s stock worth $1,509,133,000 after acquiring an additional 61,992 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
EQIX has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on shares of Equinix from $825.00 to $770.00 in a report on Thursday, May 26th. Barclays dropped their target price on shares of Equinix from $823.00 to $822.00 and set an “overweight” rating for the company in a report on Thursday, August 18th. William Blair reaffirmed an “outperform” rating on shares of Equinix in a report on Thursday, July 28th. Morgan Stanley dropped their target price on shares of Equinix from $773.00 to $732.00 and set an “equal weight” rating for the company in a report on Tuesday, July 26th. Finally, StockNews.com raised shares of Equinix from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $818.75.
Insider Buying and Selling at Equinix
Equinix Trading Up 1.1 %
Shares of EQIX opened at $657.89 on Monday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.38. Equinix, Inc. has a 12-month low of $606.12 and a 12-month high of $873.77. The firm has a 50-day moving average price of $667.08 and a 200 day moving average price of $687.57. The firm has a market capitalization of $59.92 billion, a P/E ratio of 93.58, a P/E/G ratio of 2.81 and a beta of 0.49.
Equinix Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 17th will be given a $3.10 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $12.40 dividend on an annualized basis and a yield of 1.88%. Equinix’s payout ratio is currently 176.39%.
Equinix Company Profile
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.
- Get a free copy of the StockNews.com research report on Equinix (EQIX)
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