Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Lifted by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 36.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101 shares of the financial services provider’s stock after acquiring an additional 27 shares during the period. AdvisorNet Financial Inc’s holdings in Equinix were worth $66,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new position in shares of Equinix in the first quarter worth approximately $32,000. Financial Management Professionals Inc. increased its position in shares of Equinix by 300.0% in the first quarter. Financial Management Professionals Inc. now owns 48 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 36 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Equinix in the second quarter worth approximately $32,000. Rational Advisors LLC boosted its holdings in shares of Equinix by 72.4% during the first quarter. Rational Advisors LLC now owns 50 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 21 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in shares of Equinix during the first quarter worth approximately $39,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $705.16, for a total transaction of $52,887.00. Following the transaction, the director now owns 17,827 shares of the company’s stock, valued at $12,570,887.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Brandi Galvin Morandi sold 3,356 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 17,284 shares of the company’s stock, valued at $12,274,232.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $705.16, for a total transaction of $52,887.00. Following the transaction, the director now directly owns 17,827 shares in the company, valued at approximately $12,570,887.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,808 shares of company stock worth $3,394,370. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on EQIX. TheStreet cut shares of Equinix from a “b-” rating to a “c+” rating in a report on Monday, June 13th. StockNews.com cut shares of Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. William Blair restated an “outperform” rating on shares of Equinix in a report on Thursday, July 28th. Barclays decreased their price target 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. Finally, The Goldman Sachs Group reduced their target price on shares of Equinix from $875.00 to $765.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $818.75.

Equinix Price Performance

Shares of Equinix stock opened at $609.26 on Friday. The firm has a fifty day simple moving average of $663.36 and a 200-day simple moving average of $682.54. 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 1-year low of $606.12 and a 1-year high of $868.82. The stock has a market capitalization of $55.49 billion, a price-to-earnings ratio of 86.67, a PEG ratio of 2.63 and a beta of 0.49.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 17th were paid a $3.10 dividend. This represents a $12.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Tuesday, August 16th. Equinix’s payout ratio is 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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