Czech National Bank Has $29.26 Million Holdings in Equinix, Inc. $EQIX

Czech National Bank grew its position in Equinix, Inc. (NASDAQ:EQIX) by 4.9% in the second quarter, HoldingsChannel.com reports. The fund owned 28,072 shares of the financial services provider’s stock after buying an additional 1,313 shares during the period. Czech National Bank’s holdings in Equinix were worth $29,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Avion Wealth grew its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $30,000. Physician Wealth Advisors Inc. lifted its position in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares during the last quarter. WPG Advisers LLC boosted its stake in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares during the period. Finally, Activest Wealth Management boosted its stake in shares of Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 4,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,891 shares of company stock valued at $10,430,452 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. BTIG Research started coverage on shares of Equinix in a report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target on the stock. TD Cowen boosted their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,196.20.

Equinix Price Performance

Equinix stock opened at $1,052.86 on Friday. The firm has a market cap of $103.89 billion, a PE ratio of 67.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average price is $1,051.19 and its two-hundred day moving average price is $1,003.44. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is 132.90%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.