EverSource Wealth Advisors LLC lowered its position in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324 shares of the financial services provider’s stock after selling 129 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Equinix were worth $267,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in 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 purchasing an additional 1,159 shares during the last quarter. Aew Capital Management L P raised 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 valued at $250,286,000 after purchasing an additional 2,503 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Equinix in the 4th quarter valued at $3,724,000. Global Assets Advisory LLC bought a new position in Equinix in the 1st quarter valued at $15,187,000. Finally, Prime Capital Investment Advisors LLC raised its position in Equinix by 127.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock valued at $1,130,000 after purchasing an additional 787 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.
Insider Activity
In other news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction of $1,657,035.00. Following the sale, the insider now owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a document filed 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 that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Equinix
Equinix Stock Performance
NASDAQ EQIX traded down $4.53 during trading on Friday, reaching $806.65. 379,114 shares of the company’s stock were exchanged, compared to its average volume of 406,985. The business has a 50 day moving average price of $771.50 and a 200-day moving average price of $796.35. The stock has a market capitalization of $76.56 billion, a P/E ratio of 80.91, a PEG ratio of 2.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93.
Equinix Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were given a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Tuesday, May 21st. Equinix’s payout ratio is 170.91%.
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.
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