ESG Planning DBA Harper Investing Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

ESG Planning DBA Harper Investing grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 29.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,632 shares of the financial services provider's stock after buying an additional 376 shares during the quarter. ESG Planning DBA Harper Investing's holdings in Equinix were worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Equinix by 1.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 372,958 shares of the financial services provider's stock worth $304,091,000 after purchasing an additional 6,945 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Equinix by 11.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 22,058 shares of the financial services provider's stock worth $17,985,000 after purchasing an additional 2,311 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Equinix by 2.5% during the first quarter. Apollon Wealth Management LLC now owns 1,278 shares of the financial services provider's stock worth $1,042,000 after purchasing an additional 31 shares in the last quarter. Catalyst Financial Partners LLC grew its position in shares of Equinix by 3.8% during the first quarter. Catalyst Financial Partners LLC now owns 495 shares of the financial services provider's stock worth $404,000 after purchasing an additional 18 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Trading Up 0.7%

Shares of EQIX stock traded up $5.68 on Wednesday, reaching $765.64. 447,184 shares of the company's stock were exchanged, compared to its average volume of 564,470. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $74.89 billion, a PE ratio of 79.59, a P/E/G ratio of 1.29 and a beta of 0.93. The company's fifty day simple moving average is $849.60 and its 200 day simple moving average is $865.56.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the company earned $8.86 EPS. Equinix's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EQIX. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Citigroup increased their target price on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. BNP Paribas raised Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Finally, Cowen reissued a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of "Buy" and a consensus target price of $957.05.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the sale, the director directly owned 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,176 shares of company stock valued at $2,808,008. Insiders own 0.27% of the company's stock.

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.