Equinix, Inc. (EQIX)

Beacon Pointe Advisors LLC Has $1.79 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Beacon Pointe Advisors LLC trimmed its position in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,218 shares of the financial services provider’s stock after selling 151 shares during the period. Beacon Pointe Advisors LLC’s holdings in Equinix were worth $1,787,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Equinix by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after purchasing an additional 34,926 shares during the period. Principal Financial Group Inc. grew its position in shares of Equinix by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,435,568 shares of the financial services provider’s stock valued at $1,156,193,000 after purchasing an additional 37,150 shares during the last quarter. Northern Trust Corp increased its stake in shares of Equinix by 1.7% during the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after purchasing an additional 20,241 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Equinix by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 974,403 shares of the financial services provider’s stock worth $707,670,000 after purchasing an additional 35,333 shares during the period. Finally, Morgan Stanley lifted its holdings in Equinix by 4.8% during the 3rd quarter. Morgan Stanley now owns 940,617 shares of the financial services provider’s stock worth $683,134,000 after purchasing an additional 43,143 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling In related news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction 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 sale, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction that occurred on 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 sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In Several research firms have weighed in on EQIX. TD Cowen lowered their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Barclays lowered their price target on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a report on Wednesday, March 20th. Royal Bank of Canada raised their target price on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Oppenheimer boosted their price target on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $874.44. Read Our Latest Analysis on Equinix Equinix Stock Performance NASDAQ:EQIX opened at $799.83 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $75.91 billion, a PE ratio of 80.22, a price-to-earnings-growth ratio of 2.68 and a beta of 0.62. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The stock’s 50-day simple moving average is $780.16 and its 200 day simple moving average is $805.61. Equinix Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%. Equinix Profile (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. Read More Five stocks we like better than Equinix Buy P&G Now, Before It Sets A New All-Time High Canada Goose Flies Higher Driven By DTC Growth What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story CVS Health Stock Has a Silver Lining Called Value How to buy stock: A step-by-step guide for beginners Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX – Free Report).