Roundview Capital LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 811 shares of the financial services provider’s stock after buying an additional 17 shares during the quarter. Roundview Capital LLC’s holdings in Equinix were worth $645,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of EQIX. Activest Wealth Management boosted its stake in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Equinix during the second quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new position in Equinix during the first quarter valued at about $30,000. Saudi Central Bank bought a new position in Equinix during the first quarter valued at about $31,000. Finally, Quarry LP acquired a new position in shares of Equinix in the 1st quarter valued at $31,000. Institutional investors own 94.94% of the company’s stock.
Equinix Trading Down 0.3%
Shares of NASDAQ EQIX opened at $787.08 on Wednesday. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The business has a 50-day moving average price of $781.62 and a two-hundred day moving average price of $813.44. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $77.02 billion, a PE ratio of 77.09, a PEG ratio of 1.41 and a beta of 0.92.
Equinix Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 183.74%.
Analyst Ratings Changes
EQIX has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their price target on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, UBS Group decreased their price target on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $960.65.
View Our Latest Stock Report on Equinix
Insider Activity at Equinix
In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
Equinix Company 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.
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