Avestar Capital LLC purchased a new position in Equinix, Inc. (REIT) (NASDAQ:EQIX) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 398 shares of the financial services provider’s stock, valued at approximately $282,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Equinix by 1.6% in the 4th quarter. BlackRock Inc. now owns 6,829,117 shares of the financial services provider’s stock valued at $4,877,218,000 after buying an additional 105,526 shares in the last quarter. Edgewood Management LLC lifted its holdings in shares of Equinix by 0.9% in the fourth quarter. Edgewood Management LLC now owns 2,974,924 shares of the financial services provider’s stock valued at $2,124,631,000 after purchasing an additional 27,107 shares in the last quarter. FMR LLC raised its holdings in shares of Equinix by 9.1% in the fourth quarter. FMR LLC now owns 2,247,545 shares of the financial services provider’s stock valued at $1,605,151,000 after purchasing an additional 187,174 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Equinix by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,048,377 shares of the financial services provider’s stock valued at $748,713,000 after acquiring an additional 3,202 shares in the last quarter. Finally, Norges Bank acquired a new stake in Equinix in the fourth quarter valued at $617,316,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
Shares of NASDAQ EQIX opened at $718.04 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average of $698.97 and a 200-day moving average of $704.40. The firm has a market capitalization of $64.32 billion, a price-to-earnings ratio of 140.79, a PEG ratio of 1.99 and a beta of 0.31. Equinix, Inc. has a 12 month low of $586.73 and a 12 month high of $839.77.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Wednesday, May 19th will be given a dividend of $2.87 per share. The ex-dividend date is Tuesday, May 18th. This represents a $11.48 annualized dividend and a yield of 1.60%. Equinix’s payout ratio is 50.33%.
In other Equinix news, CEO Charles J. Meyers sold 59 shares of the stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $723.64, for a total value of $42,694.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 1,041 shares of the company’s stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $667.01, for a total value of $694,357.41. Following the completion of the transaction, the chief financial officer now owns 23,086 shares of the company’s stock, valued at $15,398,592.86. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $6,692,520 over the last three months. 0.51% of the stock is currently owned by insiders.
EQIX has been the subject of a number of recent research reports. TheStreet raised shares of Equinix from a “c+” rating to a “b-” rating in a research report on Wednesday, April 28th. Wolfe Research assumed coverage on shares of Equinix in a research report on Thursday, March 18th. They set an “outperform” rating for the company. Mizuho raised their price target on shares of Equinix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, April 21st. Citigroup lowered their price target on shares of Equinix from $883.00 to $849.00 and set a “buy” rating for the company in a report on Friday, February 12th. Finally, Barclays boosted their target price on shares of Equinix from $861.00 to $867.00 and gave the stock an “overweight” rating in a report on Monday, May 3rd. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $827.21.
Equinix Company Profile
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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