Quent Capital LLC Has $204,000 Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Quent Capital LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.9% during the 2nd quarter, Holdings Channel reports. The firm owned 270 shares of the financial services provider’s stock after buying an additional 15 shares during the period. Quent Capital LLC’s holdings in Equinix were worth $204,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in shares of Equinix by 222.7% during the 2nd quarter. Versant Capital Management Inc now owns 71 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 49 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Equinix during the 2nd quarter worth approximately $30,000. DNB Asset Management AS increased its holdings in shares of Equinix by 6.9% during the 2nd quarter. DNB Asset Management AS now owns 17,419 shares of the financial services provider’s stock worth $13,179,000 after acquiring an additional 1,126 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of Equinix by 12.8% during the 2nd quarter. Marcum Wealth LLC now owns 732 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 83 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Equinix by 29.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock valued at $774,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the company’s 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 completion of the sale, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a filing with the SEC, which is available through this link. In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Shares of EQIX stock traded up $16.37 on Tuesday, hitting $784.61. 410,354 shares of the company’s stock were exchanged, compared to its average volume of 567,540. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The stock has a market cap of $74.46 billion, a P/E ratio of 78.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a 50 day moving average of $771.54 and a 200 day moving average of $796.16.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors 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 2.17%. Equinix’s dividend payout ratio is currently 170.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EQIX. Barclays upped 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. TD Cowen decreased their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Royal Bank of Canada decreased their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. The Goldman Sachs Group began coverage on Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 price objective on the stock. Finally, Mizuho started coverage on Equinix in a report on Thursday, July 11th. They issued an “outperform” rating and a $873.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $871.29.

Equinix 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.