Wells Fargo & Company MN Acquires 4,037 Shares of Equinix, Inc. (NASDAQ:EQIX)

Wells Fargo & Company MN raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,448 shares of the financial services provider’s stock after acquiring an additional 4,037 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Equinix worth $97,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Goelzer Investment Management Inc. increased its holdings in shares of Equinix by 0.3% in the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock worth $3,364,000 after purchasing an additional 13 shares during the period. Balentine LLC increased its holdings in shares of Equinix by 0.8% in the third quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 14 shares during the period. Sage Mountain Advisors LLC increased its holdings in shares of Equinix by 3.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 14 shares during the period. Legacy Advisors LLC increased its holdings in shares of Equinix by 1.6% in the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 15 shares during the period. Finally, Ieq Capital LLC boosted its position in Equinix by 0.5% during the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock valued at $2,354,000 after buying an additional 15 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EQIX shares. Wells Fargo & Company upped their price target on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. TD Cowen cut their price target on shares of Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research report on Friday, May 10th. HSBC lowered shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a research report on Wednesday, March 20th. Royal Bank of Canada increased their target price on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Morgan Stanley dropped their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and an average target price of $874.44.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $767.53 on Friday. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93. The company has a 50 day simple moving average of $772.53 and a two-hundred day simple moving average of $805.55. The company has a market capitalization of $72.85 billion, a price-to-earnings ratio of 76.98, a P/E/G ratio of 2.73 and a beta of 0.62. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s dividend payout ratio is 170.91%.

Insider Buying and Selling at Equinix

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

Equinix Company 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.