Morgan Stanley lowered its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,040 shares of the financial services provider’s stock after selling 2,604 shares during the quarter. Morgan Stanley owned approximately 0.17% of Equinix worth $58,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQIX. Reliance Trust Co. of Delaware increased its holdings in Equinix by 8.1% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 1,662 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 124 shares in the last quarter. Fieldpoint Private Securities LLC increased its holdings in Equinix by 27.0% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 635 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 135 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Equinix by 1.3% during the 1st quarter. Mason Street Advisors LLC now owns 11,036 shares of the financial services provider’s stock valued at $4,615,000 after buying an additional 139 shares in the last quarter. Amica Retiree Medical Trust grew its holdings in Equinix by 10.8% during the 2nd quarter. Amica Retiree Medical Trust now owns 1,497 shares of the financial services provider’s stock valued at $644,000 after buying an additional 146 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Equinix by 11.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,512 shares of the financial services provider’s stock valued at $631,000 after buying an additional 150 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Equinix in a report on Tuesday, July 17th. They set an “outperform” rating and a $526.00 price objective for the company. BidaskClub lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Friday, June 8th. Zacks Investment Research lowered shares of Equinix from a “buy” rating to a “hold” rating in a report on Monday, July 9th. TheStreet raised shares of Equinix from a “c+” rating to a “b-” rating in a report on Tuesday, June 26th. Finally, Deutsche Bank cut their price objective on shares of Equinix from $550.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, May 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $507.10.

In other news, insider Michael Earl Campbell sold 250 shares of the stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $443.14, for a total transaction of $110,785.00. Following the completion of the transaction, the insider now directly owns 1,677 shares in the company, valued at approximately $743,145.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 2,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $431.65, for a total value of $863,300.00. Following the completion of the sale, the chief financial officer now owns 21,141 shares of the company’s stock, valued at $9,125,512.65. The disclosure for this sale can be found here. Insiders have sold a total of 5,316 shares of company stock valued at $2,303,298 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

NASDAQ EQIX opened at $430.15 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.60. The company has a market cap of $33.64 billion, a PE ratio of 20.77, a PEG ratio of 1.44 and a beta of 0.47. Equinix Inc has a one year low of $370.79 and a one year high of $495.35.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, August 8th. The financial services provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.08). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Equinix had a net margin of 5.71% and a return on equity of 7.22%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.80 earnings per share. sell-side analysts expect that Equinix Inc will post 18.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, August 22nd were given a dividend of $2.28 per share. The ex-dividend date was Tuesday, August 21st. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.12%. Equinix’s dividend payout ratio is currently 49.22%.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Read More: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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