EP Wealth Advisors LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,912 shares of the financial services provider’s stock, valued at approximately $283,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tanglewood Legacy Advisors LLC bought a new position in Equinix in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC bought a new position in shares of Equinix in the first quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV increased its holdings in Equinix by 112.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 51 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 27 shares during the period. Quarry LP lifted its stake in Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Finally, Heritage Wealth Management LLC boosted its holdings in Equinix by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 62 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 31 shares during the period. Institutional investors own 93.16% of the company’s stock.
Insider Buying and Selling
In other Equinix news, CEO Charles J. Meyers sold 7,439 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $770.60, for a total transaction of $5,732,493.40. Following the transaction, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at approximately $5,888,925.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Charles J. Meyers sold 7,439 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $770.60, for a total transaction of $5,732,493.40. Following the transaction, the chief executive officer now owns 7,642 shares in the company, valued at $5,888,925.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $790.41, for a total transaction of $1,580,820.00. Following the completion of the transaction, the chief financial officer now directly owns 20,177 shares of the company’s stock, valued at $15,948,102.57. The disclosure for this sale can be found here. Insiders sold 11,584 shares of company stock valued at $8,952,535 over the last quarter. 0.32% of the stock is owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Equinix
Equinix Trading Down 0.9 %
EQIX opened at $769.47 on Tuesday. Equinix, Inc. has a one year low of $494.89 and a one year high of $821.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.02 and a quick ratio of 2.02. The business has a 50 day simple moving average of $781.86 and a two-hundred day simple moving average of $744.86. The firm has a market capitalization of $72.00 billion, a price-to-earnings ratio of 88.75, a PEG ratio of 1.88 and a beta of 0.65.
Equinix Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be issued a dividend of $3.41 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $13.64 dividend on an annualized basis and a dividend yield of 1.77%. Equinix’s dividend payout ratio is presently 157.32%.
About Equinix
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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