O Shaughnessy Asset Management LLC Has $1.14 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

O Shaughnessy Asset Management LLC reduced its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 28.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,733 shares of the financial services provider’s stock after selling 684 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Equinix were worth $1,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Bridge Advisors increased its stake in shares of Equinix by 3.9% in the 1st quarter. Tower Bridge Advisors now owns 395 shares of the financial services provider’s stock valued at $293,000 after buying an additional 15 shares during the period. MUFG Americas Holdings Corp increased its stake in shares of Equinix by 1.6% in the 1st quarter. MUFG Americas Holdings Corp now owns 1,032 shares of the financial services provider’s stock valued at $765,000 after buying an additional 16 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Equinix by 10.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock valued at $127,000 after buying an additional 16 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Equinix by 4.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $297,000 after buying an additional 17 shares during the period. Finally, Prospera Financial Services Inc increased its stake in shares of Equinix by 1.0% in the 1st quarter. Prospera Financial Services Inc now owns 1,883 shares of the financial services provider’s stock valued at $1,397,000 after buying an additional 19 shares during the period. 93.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EQIX shares. StockNews.com cut Equinix from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on 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 objective on Equinix from $680.00 to $660.00 and set a “market perform” rating for the company in a research note on Thursday, November 3rd. Raymond James decreased their price objective on Equinix from $950.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 11th. Finally, Royal Bank of Canada lifted their price objective on Equinix from $668.00 to $720.00 and gave the stock an “outperform” rating in a research note on Monday, November 14th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $751.18.

Equinix Stock Performance

EQIX opened at $671.77 on Friday. Equinix, Inc. has a 52-week low of $494.89 and a 52-week high of $853.42. The firm has a market capitalization of $62.17 billion, a PE ratio of 87.81, a PEG ratio of 2.72 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.37 and a current ratio of 2.37. The business’s 50-day simple moving average is $584.13 and its 200 day simple moving average is $635.26.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th will be issued a dividend of $3.10 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $12.40 annualized dividend and a yield of 1.85%. Equinix’s payout ratio is presently 162.09%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 50 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $658.69, for a total transaction of $32,934.50. Following the sale, the director now owns 17,777 shares in the company, valued at $11,709,532.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Equinix news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $658.69, for a total transaction of $32,934.50. Following the transaction, the director now owns 17,777 shares of the company’s stock, valued at $11,709,532.13. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles J. Meyers sold 377 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $650.00, for a total value of $245,050.00. Following the transaction, the chief executive officer now directly owns 7,439 shares in the company, valued at approximately $4,835,350. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 492 shares of company stock worth $313,723. Corporate insiders own 0.32% of the company’s stock.

About Equinix

(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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