Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 15.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,530 shares of the financial services provider’s stock after purchasing an additional 4,664 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Equinix were worth $29,324,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EQIX. Braun Stacey Associates Inc. lifted its holdings in Equinix by 1.3% in the 1st quarter. Braun Stacey Associates Inc. now owns 32,620 shares of the financial services provider’s stock worth $26,922,000 after buying an additional 415 shares during the period. Private Advisor Group LLC raised its holdings in shares of Equinix by 5.6% during the first quarter. Private Advisor Group LLC now owns 931 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 49 shares in the last quarter. Longbow Finance SA bought a new position in shares of Equinix during the first quarter valued at approximately $3,280,000. Norden Group LLC bought a new stake in Equinix in the first quarter valued at $216,000. Finally, HB Wealth Management LLC increased its position in Equinix by 4.5% during the 1st quarter. HB Wealth Management LLC now owns 1,076 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 46 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

EQIX stock opened at $754.49 on Friday. The stock’s 50 day simple moving average is $756.35 and its 200 day simple moving average is $798.33. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The stock has a market capitalization of $71.61 billion, a PE ratio of 75.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.68.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders 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 2.26%. The ex-dividend date was Tuesday, May 21st. Equinix’s payout ratio is currently 170.91%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. Barclays lifted their target price on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Truist Financial upped their target price on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Oppenheimer raised their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reduced their price target on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $960.00 price objective on shares of Equinix in a research report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $872.33.

Check Out Our Latest Research Report on Equinix

Insider Buying and Selling

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

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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