Krilogy Financial LLC Sells 24 Shares of Equinix, Inc. (NASDAQ:EQIX)

Krilogy Financial LLC reduced its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,572 shares of the financial services provider’s stock after selling 24 shares during the quarter. Krilogy Financial LLC’s holdings in Equinix were worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EQIX. HHM Wealth Advisors LLC bought a new position in shares of Equinix in the first quarter valued at approximately $32,000. Vigilant Capital Management LLC purchased a new stake in Equinix in the second quarter valued at approximately $32,000. Financial Management Professionals Inc. raised its stake in Equinix by 300.0% in the first quarter. Financial Management Professionals Inc. now owns 48 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 36 shares in the last quarter. Rational Advisors LLC raised its stake in Equinix by 72.4% in the first quarter. Rational Advisors LLC now owns 50 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 21 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Equinix in the first quarter valued at approximately $39,000. 93.82% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In related news, insider Michael Earl Campbell sold 1,000 shares of Equinix stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $713.17, for a total value of $713,170.00. Following the sale, the insider now owns 11,044 shares in the company, valued at $7,876,249.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Charles J. Meyers sold 377 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $650.00, for a total transaction of $245,050.00. Following the sale, the chief executive officer now owns 7,439 shares in the company, valued at approximately $4,835,350. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Earl Campbell sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $713.17, for a total transaction of $713,170.00. Following the sale, the insider now owns 11,044 shares in the company, valued at approximately $7,876,249.48. The disclosure for this sale can be found here. Insiders have sold a total of 4,808 shares of company stock worth $3,394,370 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EQIX shares. StockNews.com downgraded shares of Equinix from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Oppenheimer raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $750.00 target price on the stock in a research note on Thursday, July 28th. TheStreet downgraded shares of Equinix from a “b-” rating to a “c+” rating in a research note on Monday, June 13th. The Goldman Sachs Group decreased their price target on shares of Equinix from $875.00 to $765.00 and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Finally, Barclays downgraded shares of Equinix from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $833.00 to $674.00 in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and an average target price of $809.50.

Equinix Stock Down 1.8 %

Shares of Equinix stock opened at $609.26 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.04 and a current ratio of 2.04. Equinix, Inc. has a 52-week low of $606.12 and a 52-week high of $868.82. The stock has a market capitalization of $55.49 billion, a price-to-earnings ratio of 86.67, a P/E/G ratio of 2.64 and a beta of 0.49. The company’s 50 day moving average price is $663.36 and its 200-day moving average price is $682.54.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, August 17th were issued a $3.10 dividend. This represents a $12.40 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, August 16th. Equinix’s dividend payout ratio (DPR) is currently 176.39%.

About Equinix

(Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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