Courier Capital LLC Has $2.51 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Courier Capital LLC cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,043 shares of the financial services provider’s stock after selling 105 shares during the period. Courier Capital LLC’s holdings in Equinix were worth $2,511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Equinix by 0.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 182,683 shares of the financial services provider’s stock worth $147,131,000 after acquiring an additional 1,159 shares in the last quarter. Aew Capital Management L P grew 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 worth $250,286,000 after purchasing an additional 2,503 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Equinix in the 4th quarter worth about $3,724,000. Braun Stacey Associates Inc. grew its position in Equinix by 12.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock worth $25,938,000 after purchasing an additional 3,591 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Equinix in the 1st quarter worth about $15,187,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction dated 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 completion of the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction 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 transaction, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.6 %

Shares of NASDAQ:EQIX traded up $4.64 on Friday, hitting $756.60. The company had a trading volume of 1,146,521 shares, compared to its average volume of 601,061. The firm’s 50-day simple moving average is $755.44 and its two-hundred day simple moving average is $800.82. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 75.74, a P/E/G ratio of 2.58 and a beta of 0.68.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.25%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EQIX shares. TD Cowen reduced their price objective 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. Barclays upped their price objective on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Royal Bank of Canada reduced their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. Morgan Stanley reduced their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Finally, HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research report on Wednesday, March 20th. Seven equities research 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 MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $872.50.

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.