Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,040 shares of the financial services provider's stock after selling 610 shares during the quarter. Weatherly Asset Management L. P.'s holdings in Equinix were worth $3,813,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. Vanguard Group Inc. boosted its stake in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider's stock worth $10,319,917,000 after purchasing an additional 238,815 shares during the period. Cohen & Steers Inc. boosted its stake in shares of Equinix by 0.5% during the fourth quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider's stock worth $2,087,096,000 after buying an additional 13,988 shares during the period. Norges Bank acquired a new stake in shares of Equinix during the fourth quarter worth about $1,574,132,000. Principal Financial Group Inc. grew its holdings in shares of Equinix by 14.5% during the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider's stock worth $1,428,606,000 after buying an additional 238,883 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Equinix by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider's stock valued at $1,148,504,000 after acquiring an additional 47,795 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on EQIX. TD Cowen boosted their target price on Equinix from $859.00 to $865.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Wells Fargo & Company upgraded shares of Equinix from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada dropped their price target on shares of Equinix from $950.00 to $922.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 28th. The Goldman Sachs Group assumed coverage on shares of Equinix in a report on Monday, July 1st. They set a "buy" rating and a $870.00 price target for the company. Finally, Barclays lifted their price objective on Equinix from $669.00 to $671.00 and gave the company an "equal weight" rating in a report on Thursday, May 30th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $876.71.

Equinix Price Performance

Equinix stock traded up $15.62 during trading hours on Friday, hitting $834.36. The stock had a trading volume of 520,988 shares, compared to its average volume of 428,228. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The stock has a market capitalization of $79.21 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 2.03 and a beta of 0.68. The stock's fifty day moving average is $792.98 and its two-hundred day moving average is $795.05. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing analysts' consensus estimates of $7.88 by ($4.72). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. Equinix's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $8.04 earnings per share. As a group, analysts predict that Equinix, Inc. will post 31.04 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.04%. Equinix's dividend payout ratio is currently 170.91%.

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.