Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,690 shares of the financial services provider's stock after purchasing an additional 3,204 shares during the period. Trillium Asset Management LLC's holdings in Equinix were worth $22,301,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in Equinix in the third quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new position in Equinix in the fourth quarter valued at about $32,000. Operose Advisors LLC purchased a new position in Equinix in the third quarter valued at about $36,000. Finally, Asset Dedication LLC boosted its stake in Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 25 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the topic of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Equinix from $767.00 to $762.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 28th. TD Cowen dropped their price target on shares of Equinix from $862.00 to $859.00 and set a "buy" rating on the stock in a research note on Friday, May 10th. Barclays dropped their price target on shares of Equinix from $818.00 to $669.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 17th. Oppenheimer upped their price target on shares of Equinix from $875.00 to $950.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company upped their price target on shares of Equinix from $800.00 to $825.00 and gave the company an "equal weight" rating in a research note on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $869.76.

Equinix Price Performance

Shares of NASDAQ:EQIX traded up $0.33 during trading on Friday, reaching $799.83. The company had a trading volume of 543,381 shares, compared to its average volume of 897,355. The company has a fifty day moving average of $780.16 and a two-hundred day moving average of $804.62. The stock has a market capitalization of $75.91 billion, a P/E ratio of 80.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix's payout ratio is 170.91%.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the transaction, 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 legal filing with the SEC, which is available through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the sale, the director now directly owns 17,641 shares of the company's stock, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by 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.