Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,092 shares of the company’s stock after buying an additional 33 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Equinix were worth $1,463,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in EQIX. BlackRock Fund Advisors increased its stake in Equinix by 4.5% in the third quarter. BlackRock Fund Advisors now owns 2,147,317 shares of the company’s stock worth $773,571,000 after buying an additional 92,325 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Equinix by 9.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,143,421 shares of the company’s stock valued at $772,168,000 after buying an additional 190,418 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Equinix by 3.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,124,259 shares of the company’s stock valued at $765,264,000 after buying an additional 61,413 shares during the period. Principal Financial Group Inc. increased its stake in shares of Equinix by 8.9% in the third quarter. Principal Financial Group Inc. now owns 1,765,138 shares of the company’s stock valued at $635,891,000 after buying an additional 143,757 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Equinix by 29.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,501,968 shares of the company’s stock valued at $541,084,000 after buying an additional 340,408 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) traded up 0.939% on Friday, hitting $376.685. The stock had a trading volume of 104,002 shares. Equinix, Inc. has a 52 week low of $284.76 and a 52 week high of $391.07. The company has a 50-day moving average price of $377.93 and a 200-day moving average price of $361.51. The stock has a market capitalization of $26.89 billion, a price-to-earnings ratio of 339.662 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Monday, February 27th will be issued a dividend of $2.00 per share. This is an increase from Equinix’s previous quarterly dividend of $1.75. The ex-dividend date is Thursday, February 23rd. This represents a $8.00 annualized dividend and a dividend yield of 2.14%. Equinix’s dividend payout ratio (DPR) is 648.15%.
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Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Equinix from $418.00 to $435.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research downgraded Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. J P Morgan Chase & Co restated a “hold” rating and issued a $415.00 price target on shares of Equinix in a report on Thursday, November 3rd. Canaccord Genuity restated a “buy” rating and issued a $420.00 price target on shares of Equinix in a report on Thursday. Finally, Guggenheim assumed coverage on Equinix in a report on Thursday, December 1st. They issued a “buy” rating and a $390.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $410.25.
In other Equinix news, COO Charles J. Meyers sold 200 shares of Equinix stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $350.00, for a total transaction of $70,000.00. Following the transaction, the chief operating officer now directly owns 1,045 shares of the company’s stock, valued at approximately $365,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Crosslink Capital Inc sold 11,660 shares of Equinix stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $346.27, for a total value of $4,037,508.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,211 shares of company stock worth $9,801,087. 0.69% of the stock is currently owned by company insiders.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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