Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.1% in the 1st quarter, Holdings Channel reports. The firm owned 9,470 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Miracle Mile Advisors LLC’s holdings in Equinix were worth $7,816,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Equinix by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 182,683 shares of the financial services provider’s stock valued at $147,131,000 after acquiring an additional 1,159 shares in the last quarter. Aew Capital Management L P lifted its position in Equinix by 0.8% in the 4th quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider’s stock worth $250,286,000 after buying an additional 2,503 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in Equinix in the 4th quarter worth approximately $3,724,000. Braun Stacey Associates Inc. lifted its position in Equinix by 12.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock worth $25,938,000 after buying an additional 3,591 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Equinix in the 1st quarter worth approximately $15,187,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EQIX shares. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research report on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and set a $960.00 price target on shares of Equinix in a research note on Wednesday, March 13th. Barclays increased their price target on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Royal Bank of Canada dropped their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Finally, The Goldman Sachs Group began coverage on shares of Equinix in a research note on Monday. They set a “buy” rating and a $870.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $872.33.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX traded up $3.08 during midday trading on Monday, hitting $759.68. The company had a trading volume of 316,913 shares, compared to its average volume of 598,790. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The stock has a market cap of $72.10 billion, a price-to-earnings ratio of 76.20, a P/E/G ratio of 2.63 and a beta of 0.68. The firm has a fifty day simple moving average of $755.85 and a two-hundred day simple moving average of $800.12. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a $4.26 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.24%. Equinix’s dividend payout ratio is 170.91%.

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.