Quantbot Technologies LP Has $854,000 Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Quantbot Technologies LP reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 81.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035 shares of the financial services provider’s stock after selling 4,562 shares during the period. Quantbot Technologies LP’s holdings in Equinix were worth $854,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Equinix by 16.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,826 shares of the financial services provider’s stock worth $8,935,000 after purchasing an additional 1,501 shares in the last quarter. Duality Advisers LP raised its holdings in shares of Equinix by 91.1% during the first quarter. Duality Advisers LP now owns 5,698 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 2,717 shares in the last quarter. Blue Square Asset Management LLC boosted its position in Equinix by 24.6% during the first quarter. Blue Square Asset Management LLC now owns 2,065 shares of the financial services provider’s stock valued at $1,704,000 after purchasing an additional 408 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Equinix by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,161 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 435 shares in the last quarter. Finally, Signaturefd LLC increased its position in Equinix by 2.5% in the 1st quarter. Signaturefd LLC now owns 1,202 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EQIX. Barclays lifted their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. The Goldman Sachs Group started coverage on shares of Equinix in a research note on Monday, July 1st. They issued a “buy” rating and a $870.00 target price on the stock. TD Cowen dropped their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Morgan Stanley reduced their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Finally, HSBC cut 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $872.38.

Equinix Stock Up 0.9 %

Shares of Equinix stock opened at $804.84 on Monday. The company has a market capitalization of $76.39 billion, a P/E ratio of 80.73, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $763.77 and a two-hundred day moving average of $797.58. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.12%. Equinix’s payout ratio is 170.91%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the 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 completion of the sale, the insider now owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was 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 of the company’s stock, valued at approximately $10,212,779. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the sale, the director now directly owns 17,641 shares in the company, valued at $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.