Gulf International Bank UK Ltd Has $6.81 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Gulf International Bank UK Ltd raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,254 shares of the financial services provider’s stock after acquiring an additional 572 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Equinix were worth $6,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings in shares of Equinix by 260.0% during the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 26 shares during the period. Providence Capital Advisors LLC bought a new position in shares of Equinix during the third quarter valued at $29,000. Criterion Capital Advisors LLC bought a new position in shares of Equinix during the fourth quarter valued at $32,000. Rise Advisors LLC bought a new position in shares of Equinix during the first quarter valued at $39,000. Finally, Operose Advisors LLC bought a new position in shares of Equinix during the third quarter valued at $36,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Up 0.2 %

NASDAQ:EQIX opened at $765.00 on Friday. The firm has a market capitalization of $72.61 billion, a price-to-earnings ratio of 76.73, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The stock’s 50 day moving average price is $755.11 and its two-hundred day moving average price is $802.10. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Tuesday, May 21st. Equinix’s payout ratio is presently 170.91%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EQIX shares. Truist Financial raised their target price on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Morgan Stanley lowered their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. TD Cowen lowered their target price on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price objective on shares of Equinix in a research report on Wednesday, March 13th. Finally, HSBC cut 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $871.00.

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.