Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Director Christopher Paisley sold 4,000 shares of the firm's 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 completion of the transaction, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Equinix Trading Up 1.2%
NASDAQ EQIX opened at $1,031.44 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a 50-day simple moving average of $1,052.32 and a 200-day simple moving average of $998.10. The firm has a market capitalization of $101.77 billion, a PE ratio of 66.42, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.
Equinix Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix's dividend payout ratio is 132.90%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in EQIX. Brighton Jones LLC lifted its holdings in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Equinix in the second quarter valued at approximately $231,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EQIX shares. Barclays raised their price target on Equinix from $1,109.00 to $1,130.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 1st. UBS Group increased their target price on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings cut Equinix from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 23rd. Truist Financial boosted their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a report on Friday. Finally, Mizuho lifted their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,195.00.
Read Our Latest Stock Analysis on Equinix
Equinix Company Profile
(
Get Free Report)
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.
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