Commonwealth Equity Services LLC Buys 366 Shares of Equinix, Inc. (NASDAQ:EQIX)

Commonwealth Equity Services LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,735 shares of the financial services provider’s stock after buying an additional 366 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Equinix were worth $3,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its holdings in Equinix by 1.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 14 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Equinix by 20.3% in the 1st quarter. AdvisorNet Financial Inc now owns 83 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 14 shares during the last quarter. Glassman Wealth Services lifted its holdings in shares of Equinix by 14.6% in the 1st quarter. Glassman Wealth Services now owns 110 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 14 shares during the last quarter. GS Investments Inc. lifted its holdings in shares of Equinix by 0.6% in the 1st quarter. GS Investments Inc. now owns 2,323 shares of the financial services provider’s stock worth $1,675,000 after acquiring an additional 14 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings 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 worth $127,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 4,835 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $748.64, for a total transaction of $3,619,674.40. Following the completion of the sale, the insider now owns 15,608 shares in the company, valued at approximately $11,684,773.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Brandi Galvin Morandi sold 4,835 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $748.64, for a total transaction of $3,619,674.40. Following the completion of the sale, the insider now owns 15,608 shares in the company, valued at approximately $11,684,773.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Fidelma Russo sold 365 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $777.08, for a total transaction of $283,634.20. The disclosure for this sale can be found here. Insiders sold a total of 16,714 shares of company stock worth $12,785,076 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Equinix from $800.00 to $870.00 in a report on Friday, June 16th. Raymond James increased their target price on shares of Equinix from $885.00 to $910.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company lowered shares of Equinix from an “overweight” rating to an “equal weight” rating and set a $810.00 target price on the stock. in a report on Friday, July 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on shares of Equinix from $825.00 to $900.00 in a report on Friday, August 4th. Finally, Argus increased their target price on shares of Equinix from $720.00 to $795.00 in a report on Thursday, May 18th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $811.19.

Equinix Stock Down 0.5 %

Shares of NASDAQ:EQIX opened at $777.52 on Monday. The stock has a market cap of $72.75 billion, a P/E ratio of 89.68, a P/E/G ratio of 1.88 and a beta of 0.64. The firm has a fifty day moving average price of $782.46 and a 200 day moving average price of $739.72. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.02 and a quick ratio of 2.02. Equinix, Inc. has a 1-year low of $494.89 and a 1-year high of $821.63.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a dividend of $3.41 per share. This represents a $13.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, August 22nd. Equinix’s dividend payout ratio is currently 157.32%.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.