Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 31.8% during the 1st quarter, HoldingsChannel reports. The fund owned 464 shares of the financial services provider’s stock after buying an additional 112 shares during the period. OneAscent Wealth Management LLC’s holdings in Equinix were worth $383,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Equinix during the fourth quarter worth $1,574,132,000. AMF Tjanstepension AB raised its holdings in shares of Equinix by 87.4% during the first quarter. AMF Tjanstepension AB now owns 308,991 shares of the financial services provider’s stock worth $255,114,000 after purchasing an additional 144,093 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of Equinix by 296.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 144,596 shares of the financial services provider’s stock worth $116,456,000 after purchasing an additional 108,099 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Equinix by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 431,603 shares of the financial services provider’s stock worth $313,461,000 after purchasing an additional 92,575 shares during the period. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of Equinix by 51.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 185,660 shares of the financial services provider’s stock worth $149,529,000 after purchasing an additional 62,989 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

EQIX traded up $4.64 on Friday, reaching $756.60. The company had a trading volume of 1,146,810 shares, compared to its average volume of 474,262. The company has a fifty day moving average of $755.85 and a 200-day moving average of $800.20. The company has a market capitalization of $71.81 billion, a P/E ratio of 75.89, a PEG ratio of 2.61 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93.

Equinix Dividend Announcement

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

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a report on Wednesday, March 20th. Truist Financial upped their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Barclays upped their price target 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. Morgan Stanley lowered their price target 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, Oppenheimer upped their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $872.50.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $10,212,779. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $10,212,779. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated 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 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.