Meeder Advisory Services Inc. Has $1.29 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Meeder Advisory Services Inc. lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,557 shares of the financial services provider’s stock after buying an additional 150 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Equinix were worth $1,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goelzer Investment Management Inc. lifted its stake in shares of Equinix by 0.3% in the 4th quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock valued at $3,364,000 after purchasing an additional 13 shares during the period. Sage Mountain Advisors LLC lifted its position in shares of Equinix by 3.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares during the period. Lindbrook Capital LLC grew its holdings in Equinix by 3.0% in the first quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 14 shares during the period. Ieq Capital LLC raised its holdings in shares of Equinix by 0.5% during the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock valued at $2,354,000 after purchasing an additional 15 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Equinix by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,205 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In related news, 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 transaction, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business’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 transaction, the director now directly 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 can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’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 transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.3 %

Shares of Equinix stock traded down $2.14 on Tuesday, hitting $802.52. The stock had a trading volume of 28,666 shares, compared to its average volume of 578,639. 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, Inc. has a one year low of $677.80 and a one year high of $914.93. The stock’s 50-day simple moving average is $765.99 and its two-hundred day simple moving average is $797.52. The stock has a market cap of $76.17 billion, a price-to-earnings ratio of 81.13, a PEG ratio of 2.80 and a beta of 0.68.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EQIX shares. Mizuho started coverage on Equinix in a research note on Thursday, July 11th. They set an “outperform” rating and a $873.00 price target on the stock. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Royal Bank of Canada lowered their price objective on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. 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 report on Thursday, May 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Equinix in a research report on Monday, July 1st. They issued a “buy” rating and a $870.00 price target on the stock. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $872.38.

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.