Lazard Asset Management LLC Acquires 92 Shares of Equinix, Inc. (NASDAQ:EQIX)

Lazard Asset Management LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 984 shares of the financial services provider’s stock after acquiring an additional 92 shares during the quarter. Lazard Asset Management LLC’s holdings in Equinix were worth $646,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Credit Agricole S A lifted its position in Equinix by 7.2% in the 2nd quarter. Credit Agricole S A now owns 9,821 shares of the financial services provider’s stock valued at $6,452,000 after acquiring an additional 656 shares in the last quarter. Capital International Sarl increased its stake in Equinix by 0.8% in the 1st quarter. Capital International Sarl now owns 19,576 shares of the financial services provider’s stock valued at $14,518,000 after buying an additional 158 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Equinix by 24.0% in the 1st quarter. Teacher Retirement System of Texas now owns 21,634 shares of the financial services provider’s stock valued at $16,044,000 after buying an additional 4,184 shares during the last quarter. AdvisorNet Financial Inc increased its stake in Equinix by 36.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 101 shares of the financial services provider’s stock valued at $66,000 after buying an additional 27 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Equinix by 2.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 2,392 shares of the financial services provider’s stock valued at $1,572,000 after buying an additional 63 shares during the last quarter. Institutional investors own 93.82% of the company’s stock.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 65 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $549.83, for a total value of $35,738.95. Following the completion of the transaction, the insider now directly owns 17,285 shares of the company’s stock, valued at approximately $9,503,811.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 65 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $549.83, for a total value of $35,738.95. Following the completion of the transaction, the insider now directly owns 17,285 shares of the company’s stock, valued at approximately $9,503,811.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles J. Meyers sold 377 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $650.00, for a total transaction of $245,050.00. Following the completion of the transaction, the chief executive officer now directly owns 7,439 shares of the company’s stock, valued at $4,835,350. The disclosure for this sale can be found here. In the last ninety days, insiders sold 492 shares of company stock valued at $313,723. Company insiders own 0.32% of the company’s stock.

Equinix Stock Up 1.2 %

EQIX opened at $647.41 on Friday. The company has a 50 day moving average of $583.04 and a 200 day moving average of $637.08. The company has a market cap of $59.91 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. Equinix, Inc. has a 12 month low of $494.89 and a 12 month high of $853.42. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.30.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th will be issued a $3.10 dividend. This represents a $12.40 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, November 15th. Equinix’s dividend payout ratio (DPR) is presently 162.09%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Equinix from $635.00 to $680.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Equinix from $668.00 to $720.00 and gave the company an “outperform” rating in a research note on Monday, November 14th. The Goldman Sachs Group decreased their price objective on shares of Equinix from $765.00 to $670.00 and set a “buy” rating for the company in a research note on Wednesday, October 12th. BMO Capital Markets decreased their price target on shares of Equinix from $680.00 to $660.00 and set a “market perform” rating for the company in a research note on Thursday, November 3rd. Finally, StockNews.com upgraded shares of Equinix from a “hold” rating to a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $751.18.

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.

Further Reading

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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