Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Quent Capital LLC

Quent Capital LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189 shares of the financial services provider’s stock after selling 25 shares during the quarter. Quent Capital LLC’s holdings in Equinix were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EQIX. Tanglewood Legacy Advisors LLC acquired a new position in Equinix in the 4th quarter valued at $28,000. Venturi Wealth Management LLC acquired a new position in Equinix in the 1st quarter valued at $28,000. Massmutual Trust Co. FSB ADV increased its stake in Equinix by 112.5% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 51 shares of the financial services provider’s stock valued at $37,000 after buying an additional 27 shares during the period. Quarry LP increased its stake in Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after buying an additional 38 shares during the period. Finally, Heritage Wealth Management LLC increased its stake in Equinix by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 62 shares of the financial services provider’s stock valued at $41,000 after buying an additional 31 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on EQIX. BMO Capital Markets boosted their price objective on shares of Equinix from $800.00 to $870.00 in a research note on Friday, June 16th. Stifel Nicolaus boosted their target price on shares of Equinix from $835.00 to $870.00 in a research report on Thursday, June 22nd. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $825.00 to $900.00 in a research report on Friday, August 4th. Morgan Stanley boosted their target price on shares of Equinix from $725.00 to $785.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Finally, Bank of America boosted their target price on shares of Equinix from $750.00 to $850.00 in a research report on Friday, June 23rd. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $814.57.

Equinix Stock Down 0.8 %

NASDAQ EQIX opened at $776.22 on Friday. The stock has a market cap of $72.63 billion, a PE ratio of 89.53, a P/E/G ratio of 1.85 and a beta of 0.65. Equinix, Inc. has a fifty-two week low of $494.89 and a fifty-two week high of $821.63. The business has a 50 day moving average price of $781.86 and a two-hundred day moving average price of $744.38. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.29.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be issued a $3.41 dividend. This represents a $13.64 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, August 22nd. Equinix’s dividend payout ratio is presently 157.32%.

Insiders Place Their Bets

In other news, CAO Simon Miller sold 523 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $766.77, for a total transaction of $401,020.71. Following the completion of the transaction, the chief accounting officer now directly owns 4,262 shares in the company, valued at approximately $3,267,973.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Simon Miller sold 523 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $766.77, for a total transaction of $401,020.71. Following the completion of the transaction, the chief accounting officer now directly owns 4,262 shares in the company, valued at approximately $3,267,973.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jonathan Lin sold 182 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $766.77, for a total value of $139,552.14. Following the transaction, the executive vice president now owns 4,797 shares of the company’s stock, valued at $3,678,195.69. The disclosure for this sale can be found here. Insiders sold a total of 11,584 shares of company stock worth $8,952,535 in the last 90 days. 0.32% of the stock is owned by company insiders.

Equinix Company 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.