IFM Investors Pty Ltd grew its holdings in Equinix, Inc. (NASDAQ:EQIX – Get Rating) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,900 shares of the financial services provider’s stock after buying an additional 1,489 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equinix were worth $10,447,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Equinix during the 1st quarter worth about $32,000. Financial Management Professionals Inc. increased its position in shares of Equinix by 300.0% during the 1st quarter. Financial Management Professionals Inc. now owns 48 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 36 shares in the last quarter. Vigilant Capital Management LLC acquired a new stake in shares of Equinix during the 2nd quarter worth about $32,000. Rational Advisors LLC increased its position in shares of Equinix by 72.4% during the 1st quarter. Rational Advisors LLC now owns 50 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 21 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new stake in shares of Equinix during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 93.82% of the company’s stock.
Analysts Set New Price Targets
EQIX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Equinix from $785.00 to $750.00 in a report on Thursday, July 28th. Wells Fargo & Company reduced their target price on shares of Equinix from $775.00 to $760.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. TheStreet downgraded shares of Equinix from a “b-” rating to a “c+” rating in a research report on Monday, June 13th. Barclays downgraded shares of Equinix from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $833.00 to $674.00 in a research report on Friday. Finally, BMO Capital Markets cut their price target on shares of Equinix from $825.00 to $770.00 in a research report on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $809.50.
Insiders Place Their Bets
Equinix Trading Down 1.8 %
EQIX stock opened at $609.26 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.04 and a quick ratio of 2.04. The company has a fifty day moving average price of $663.36 and a two-hundred day moving average price of $682.54. Equinix, Inc. has a one year low of $606.12 and a one year high of $868.82. The stock has a market cap of $55.49 billion, a price-to-earnings ratio of 86.67, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.
Equinix Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 17th were given a dividend of $3.10 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $12.40 dividend on an annualized basis and a yield of 2.04%. Equinix’s dividend payout ratio (DPR) is 176.39%.
Equinix Company Profile
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
- Get a free copy of the StockNews.com research report on Equinix (EQIX)
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