Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. reduced its position in Equinix, Inc. (NASDAQ:EQIXGet 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

In other Equinix news, insider Michael Earl Campbell sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $713.17, for a total value of $713,170.00. Following the transaction, the insider now owns 11,044 shares of the company’s stock, valued at $7,876,249.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Brandi Galvin Morandi sold 3,356 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $710.15, for a total transaction of $2,383,263.40. Following the sale, the insider now owns 17,284 shares of the company’s stock, valued at $12,274,232.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 1,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $713.17, for a total transaction of $713,170.00. Following the sale, the insider now directly owns 11,044 shares in the company, valued at approximately $7,876,249.48. The disclosure for this sale can be found here. Insiders have sold 4,808 shares of company stock valued at $3,394,370 over the last 90 days. 0.32% of the stock is owned by insiders.

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

(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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