Wealth Enhancement Advisory Services LLC Sells 48 Shares of Equinix, Inc. (NASDAQ:EQIX)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,281 shares of the financial services provider’s stock after selling 48 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equinix were worth $2,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Equinix in the fourth quarter valued at approximately $1,574,132,000. Public Employees Retirement Association of Colorado raised its holdings in Equinix by 296.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 144,596 shares of the financial services provider’s stock valued at $116,456,000 after buying an additional 108,099 shares during the last quarter. Heitman Real Estate Securities LLC boosted its position in Equinix by 51.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 185,660 shares of the financial services provider’s stock valued at $149,529,000 after buying an additional 62,989 shares during the period. Westfield Capital Management Co. LP grew its holdings in Equinix by 628.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 70,726 shares of the financial services provider’s stock worth $56,962,000 after acquiring an additional 61,023 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Equinix in the fourth quarter valued at about $408,750,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on Equinix in a research note on Monday. They issued a “buy” rating and a $870.00 target price on the stock. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research report on Wednesday, March 20th. TD Cowen decreased their target price on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a report on Friday, May 10th. Royal Bank of Canada cut their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $960.00 price objective on shares of Equinix in a research report on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $872.33.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the sale, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

EQIX opened at $749.00 on Thursday. The firm has a market cap of $71.08 billion, a PE ratio of 75.13, a P/E/G ratio of 2.63 and a beta of 0.68. The stock has a 50-day moving average price of $755.84 and a 200-day moving average price of $799.46. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

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.