Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,826 shares of the financial services provider’s stock after acquiring an additional 1,501 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Equinix were worth $8,935,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in Equinix by 0.6% in the fourth 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 buying an additional 1,159 shares during the period. Aew Capital Management L P boosted its holdings in Equinix by 0.8% in the fourth quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider’s stock worth $250,286,000 after purchasing an additional 2,503 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Equinix during the fourth quarter valued at $3,724,000. Braun Stacey Associates Inc. boosted its holdings in shares of Equinix by 12.5% during the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock valued at $25,938,000 after acquiring an additional 3,591 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in shares of Equinix during the first quarter valued at $15,187,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.9 %

Shares of EQIX stock traded up $7.04 on Friday, hitting $804.84. The company had a trading volume of 466,152 shares, compared to its average volume of 584,821. The firm has a market cap of $76.39 billion, a P/E ratio of 80.02, a P/E/G ratio of 2.70 and a beta of 0.68. The stock’s 50-day moving average is $761.67 and its two-hundred day moving average is $797.66. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.12%. Equinix’s dividend payout ratio is currently 170.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EQIX shares. 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 report on Tuesday, May 28th. Barclays upped their price target on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. The Goldman Sachs Group began coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price target for the company. TD Cowen cut their target price on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Morgan Stanley lowered their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $872.38.

Insider Buying and Selling

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

About Equinix

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.