Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Trimmed by Alerus Financial NA

Alerus Financial NA reduced its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 48.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 314 shares of the financial services provider’s stock after selling 300 shares during the period. Alerus Financial NA’s holdings in Equinix were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in Equinix by 10.3% in the first quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock valued at $127,000 after buying an additional 16 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Equinix by 182.8% in the first quarter. Brown Brothers Harriman & Co. now owns 263 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 170 shares during the period. Zions Bancorporation N.A. boosted its stake in Equinix by 32.8% in the first quarter. Zions Bancorporation N.A. now owns 1,962 shares of the financial services provider’s stock valued at $1,455,000 after acquiring an additional 485 shares during the period. Baird Financial Group Inc. boosted its stake in Equinix by 5.3% in the first quarter. Baird Financial Group Inc. now owns 1,169 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 59 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in Equinix by 4.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 57,369 shares of the financial services provider’s stock valued at $42,544,000 after acquiring an additional 2,395 shares during the period. 93.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on EQIX shares. TheStreet downgraded Equinix from a “b-” rating to a “c+” rating in a research note on Monday, June 13th. StockNews.com upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Barclays decreased their target price on Equinix from $823.00 to $822.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Morgan Stanley reduced their price objective on Equinix from $773.00 to $732.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 26th. Finally, Wells Fargo & Company reduced their price objective on Equinix from $775.00 to $760.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $818.75.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 3,356 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $710.15, for a total value of $2,383,263.40. Following the transaction, the insider now owns 17,284 shares of the company’s stock, valued at $12,274,232.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Equinix news, insider Brandi Galvin Morandi sold 3,356 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $710.15, for a total value of $2,383,263.40. Following the transaction, the insider now owns 17,284 shares of the company’s stock, valued at $12,274,232.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $705.16, for a total value of $52,887.00. Following the completion of the transaction, the director now directly owns 17,827 shares in the company, valued at approximately $12,570,887.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,431 shares of company stock valued at $3,149,320 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $650.90 on Friday. Equinix, Inc. has a 12 month low of $606.12 and a 12 month high of $878.09. The stock has a market cap of $59.28 billion, a price-to-earnings ratio of 92.59, a PEG ratio of 2.76 and a beta of 0.49. The stock’s 50 day moving average price is $667.38 and its 200 day moving average price is $687.76. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.04 and a quick ratio of 2.04.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 17th will be issued a dividend of $3.10 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $12.40 annualized dividend and a yield of 1.91%. Equinix’s payout ratio is 176.39%.

About Equinix

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIXGet Rating).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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