Bokf Na Acquires 347 Shares of Equinix, Inc. (NASDAQ:EQIX)

Bokf Na raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,528 shares of the financial services provider’s stock after acquiring an additional 347 shares during the period. Bokf Na’s holdings in Equinix were worth $4,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock valued at $10,319,917,000 after buying an additional 238,815 shares during the period. Cohen & Steers Inc. grew its holdings in shares of Equinix by 0.5% in the 4th quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider’s stock valued at $2,087,096,000 after buying an additional 13,988 shares during the period. Norges Bank acquired a new position in shares of Equinix in the 4th quarter valued at $1,574,132,000. Principal Financial Group Inc. grew its holdings in shares of Equinix by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,649,308 shares of the financial services provider’s stock valued at $1,361,224,000 after buying an additional 213,740 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Equinix by 1.4% in the 4th quarter. Wellington Management Group LLP now owns 992,401 shares of the financial services provider’s stock valued at $799,270,000 after buying an additional 13,274 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix 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 transaction, 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 is available through this link. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the transaction, the director now directly 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. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EQIX shares. TD Cowen reduced their target price on shares of Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Barclays upped their target price on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Mizuho started coverage on shares of Equinix in a research note on Thursday, July 11th. They issued an “outperform” rating and a $873.00 target price for the company. Finally, 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 for the company. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $875.50.

Equinix Price Performance

Shares of NASDAQ EQIX traded up $1.84 during trading hours on Monday, hitting $774.27. 57,111 shares of the stock were exchanged, compared to its average volume of 564,708. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $73.49 billion, a PE ratio of 77.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.68. The company’s fifty day simple moving average is $770.49 and its two-hundred day simple moving average is $797.01. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.20%. 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.