Handelsbanken Fonder AB raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 4.6% in the second quarter, HoldingsChannel reports. The firm owned 46,622 shares of the financial services provider’s stock after buying an additional 2,029 shares during the quarter. Handelsbanken Fonder AB’s holdings in Equinix were worth $48,598,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Brighton Jones LLC increased its stake in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 54 shares during the period. Empowered Funds LLC lifted its stake in Equinix by 21.8% in the first 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 stake in Equinix in the second quarter valued at $231,000. Finally, Brown Advisory Inc. boosted its holdings in 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. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Insiders Place Their Bets
In related news, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the sale, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 9,891 shares of company stock valued at $10,430,452. Insiders own 0.27% of the company’s stock.
Equinix Price Performance
Equinix Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is currently 132.90%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a research report on Monday, August 3rd. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup restated a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,196.20.
Check Out Our Latest Analysis on EQIX
About Equinix
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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