Russell Investments Group Ltd. Buys 35,706 Shares of Equinix, Inc. (NASDAQ:EQIX)

Russell Investments Group Ltd. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 520,213 shares of the financial services provider’s stock after acquiring an additional 35,706 shares during the period. Equinix makes up approximately 0.7% of Russell Investments Group Ltd.’s holdings, making the stock its 12th biggest position. Russell Investments Group Ltd.’s holdings in Equinix were worth $419,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balentine LLC raised its position in shares of Equinix by 0.8% during the third quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 14 shares during the last quarter. Sage Mountain Advisors LLC raised its position in shares of Equinix by 3.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after buying an additional 14 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Equinix by 0.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after buying an additional 15 shares during the last quarter. Legacy Advisors LLC raised its position in shares of Equinix by 1.6% during the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after buying an additional 15 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV raised its position in shares of Equinix by 0.8% during the third quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 16 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Wolfe Research upgraded shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Barclays reduced 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. Oppenheimer boosted their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $960.00 price target on shares of Equinix in a research report on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $862.50.

Equinix Trading Down 0.9 %

NASDAQ EQIX traded down $6.74 on Friday, hitting $731.61. 779,483 shares of the stock were exchanged, compared to its average volume of 563,003. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average price of $823.50 and a two-hundred day moving average price of $802.62. The firm has a market capitalization of $69.22 billion, a P/E ratio of 70.96, a P/E/G ratio of 1.90 and a beta of 0.58. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

Insider Activity

In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Crenshaw sold 460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the sale, the executive vice president now directly owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,585 shares of company stock valued at $3,818,268. 0.27% of the stock is currently owned by company insiders.

Equinix Profile

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.