EverSource Wealth Advisors LLC Has $267,000 Stock Position in Equinix, Inc. (NASDAQ:EQIX)

EverSource Wealth Advisors LLC lowered its position in Equinix, Inc. (NASDAQ:EQIX) 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

EQIX has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Equinix in a research note on Monday, July 1st. They issued a “buy” rating and a $870.00 target price for the company. TD Cowen lowered 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. Barclays lifted their target price on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Royal Bank of Canada decreased their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $873.20.

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.