Private Advisor Group LLC Purchases 479 Shares of Equinix, Inc. (NASDAQ:EQIX)

Private Advisor Group LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the financial services provider's stock after purchasing an additional 479 shares during the period. Private Advisor Group LLC's holdings in Equinix were worth $3,017,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Saturna Capital Corp boosted its stake in Equinix by 13.1% in the 1st quarter. Saturna Capital Corp now owns 951 shares of the financial services provider's stock valued at $775,000 after purchasing an additional 110 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Equinix by 107.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,233 shares of the financial services provider's stock worth $2,636,000 after buying an additional 1,672 shares during the period. Easterly Investment Partners LLC bought a new position in Equinix during the 1st quarter worth $26,140,000. Graypoint LLC increased its position in Equinix by 5.4% during the 1st quarter. Graypoint LLC now owns 842 shares of the financial services provider's stock worth $686,000 after buying an additional 43 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its position in Equinix by 8.5% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 332 shares of the financial services provider's stock worth $270,000 after buying an additional 26 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

Equinix stock traded up $11.89 during trading on Friday, hitting $801.43. The stock had a trading volume of 482,660 shares, compared to its average volume of 645,271. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20. The stock's 50 day moving average is $840.37 and its two-hundred day moving average is $859.10. The stock has a market cap of $78.40 billion, a price-to-earnings ratio of 83.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. New Street Research upgraded Equinix to a "strong-buy" rating in a research report on Monday, April 28th. BNP Paribas raised Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Tuesday. The Goldman Sachs Group dropped their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, UBS Group reduced their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $957.05.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director directly owned 17,569 shares in the company, valued at approximately $15,274,664.29. This represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 9,615 shares in the company, valued at $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 have 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.