Envestnet Asset Management Inc. boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,612 shares of the financial services provider’s stock after acquiring an additional 1,229 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Equinix were worth $13,657,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in EQIX. Capital World Investors boosted its holdings in Equinix by 247.0% during the 2nd quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock valued at $458,926,000 after acquiring an additional 761,220 shares during the period. Janus Henderson Group PLC boosted its holdings in Equinix by 1,517.9% during the 2nd quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock valued at $214,150,000 after acquiring an additional 468,162 shares during the period. Uniplan Investment Counsel Inc. purchased a new position in Equinix during the 2nd quarter valued at about $13,563,000. Egerton Capital UK LLP boosted its holdings in Equinix by 152.0% during the 3rd quarter. Egerton Capital UK LLP now owns 487,173 shares of the financial services provider’s stock valued at $217,425,000 after acquiring an additional 293,842 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Equinix by 22.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock valued at $507,583,000 after acquiring an additional 214,396 shares during the period. Institutional investors own 94.34% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at $445.59 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix, Inc. has a 12-month low of $327.37 and a 12-month high of $495.35. The firm has a market capitalization of $36,704.12, a PE ratio of 26.39, a PEG ratio of 1.89 and a beta of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is presently 264.03%.
In other news, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $463.61, for a total transaction of $92,722.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the sale, the chief financial officer now directly owns 31,393 shares in the company, valued at approximately $13,764,574.78. The disclosure for this sale can be found here. Insiders have sold a total of 5,993 shares of company stock worth $2,770,635 in the last three months. Corporate insiders own 0.58% of the company’s stock.
A number of equities analysts recently commented on the company. Berenberg Bank restated a “buy” rating and set a $550.00 target price on shares of Equinix in a report on Friday, November 3rd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target on the stock in a research report on Monday, November 6th. Cowen reaffirmed a “buy” rating and issued a $482.00 price target on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley increased their price target on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Nomura increased their price target on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Equinix has a consensus rating of “Buy” and a consensus price target of $500.74.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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