Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,251 shares of the financial services provider’s stock after purchasing an additional 371 shares during the period. Harbor Capital Advisors Inc.’s holdings in Equinix were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. Pinney & Scofield Inc. acquired a new position in Equinix in the 4th quarter worth $28,000. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the fourth quarter worth about $31,000. Pacific Center for Financial Services lifted its stake in shares of Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 15 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in Equinix during the 4th quarter valued at approximately $39,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Down 1.5%

EQIX stock opened at $893.70 on Thursday. The stock has a market cap of $87.42 billion, a PE ratio of 104.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm’s 50-day simple moving average is $845.84 and its 200 day simple moving average is $890.18. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equinix’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $8.86 earnings per share. As a group, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.10%. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Analyst Ratings Changes

Several equities analysts have recently commented on EQIX shares. Citigroup increased their target price on Equinix from $970.00 to $990.00 and gave the company a “buy” rating in a research note on Monday, May 5th. TD Securities upped their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets cut their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,004.80.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 127 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider now directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer now directly owns 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,176 shares of company stock worth $2,808,008. 0.27% of the stock is owned by company insiders.

Equinix 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.