Sunbelt Securities Inc. Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Sunbelt Securities Inc. raised its position in Equinix, Inc. (NASDAQ:EQIXFree Report) by 7,355.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 671 shares of the financial services provider’s stock after purchasing an additional 662 shares during the quarter. Sunbelt Securities Inc.’s holdings in Equinix were worth $553,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EQIX. Goelzer Investment Management Inc. lifted its holdings in Equinix by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock worth $3,364,000 after buying an additional 13 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in shares of Equinix by 3.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares in the last quarter. Legacy Advisors LLC boosted its holdings in Equinix by 1.6% in the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 15 shares during the period. Ieq Capital LLC increased its holdings in Equinix by 0.5% during the 4th quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock worth $2,354,000 after purchasing an additional 15 shares during the period. Finally, First Affirmative Financial Network increased its holdings in Equinix by 2.9% during the 4th quarter. First Affirmative Financial Network now owns 577 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 16 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on EQIX shares. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research note on Wednesday, March 20th. Barclays raised their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Royal Bank of Canada decreased their price target on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Finally, TD Cowen lowered their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $872.50.

Read Our Latest Analysis on Equinix

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the transaction, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.1 %

Shares of NASDAQ:EQIX opened at $741.87 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $70.41 billion, a P/E ratio of 74.41, a P/E/G ratio of 2.59 and a beta of 0.68. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The firm has a fifty day moving average price of $755.29 and a 200 day moving average price of $801.24.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Tuesday, May 21st. Equinix’s dividend payout ratio is currently 170.91%.

About Equinix

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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