Virtu Financial LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX – Free Report) in the first quarter, Holdings Channel reports. The fund purchased 5,662 shares of the financial services provider’s stock, valued at approximately $4,616,000.
Other hedge funds have also bought and sold shares of the company. Pinney & Scofield Inc. acquired a new position in Equinix in the fourth quarter worth about $28,000. Pacific Center for Financial Services grew its stake in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 15 shares in the last quarter. Whipplewood Advisors LLC grew its stake in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 12 shares in the last quarter. Finally, Tidemark LLC grew its stake in Equinix by 57.1% in the first quarter. Tidemark LLC now owns 44 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 16 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Equinix Trading Down 0.4%
Shares of NASDAQ EQIX opened at $776.20 on Friday. The company’s fifty day moving average is $820.97 and its 200-day moving average is $848.37. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 76.02, a P/E/G ratio of 1.40 and a beta of 0.90. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.
Equinix Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix’s payout ratio is currently 183.74%.
Insider Buying and Selling at Equinix
In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director directly owned 17,569 shares of the company’s stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer directly 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 own 0.27% of the company’s stock.
Analyst Ratings Changes
EQIX has been the subject of a number of research reports. TD Securities lifted their target price on Equinix from $978.00 to $1,018.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their target price on Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Wolfe Research downgraded Equinix from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Five 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.com, the company presently has a consensus rating of “Buy” and an average target price of $959.86.
Check Out Our Latest Research Report on EQIX
About Equinix
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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