Brown Advisory Inc. Has $852,000 Holdings in Equinix, Inc. (NASDAQ:EQIX)

Brown Advisory Inc. raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,045 shares of the financial services provider’s stock after acquiring an additional 95 shares during the quarter. Brown Advisory Inc.’s holdings in Equinix were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new position in shares of Equinix in the 4th quarter valued at about $28,000. Pacific Center for Financial Services boosted its stake in shares of Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 15 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Equinix in the 4th quarter valued at about $49,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Equinix in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EQIX shares. Citigroup raised their target price on shares of Equinix from $970.00 to $990.00 and gave the company a “buy” rating in a research note on Monday, May 5th. New Street Research raised shares of Equinix to a “strong-buy” rating in a research note on Monday, April 28th. Truist Financial reduced their price objective on shares of Equinix from $986.00 to $904.00 and set a “buy” rating on the stock in a research note on Tuesday, July 1st. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research note on Thursday, May 1st. Finally, Guggenheim initiated coverage on shares of Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $957.05.

Insider Activity

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the sale, the director directly owned 17,569 shares in the company, valued at $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock worth $2,808,008 over the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $760.20 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm’s 50 day moving average price is $854.04 and its two-hundred day moving average price is $867.00. The firm has a market cap of $74.36 billion, a P/E ratio of 79.02, a PEG ratio of 1.28 and a beta of 0.93.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.01 by $0.66. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $8.86 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.47%. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

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.