Centaurus Financial Inc. Sells 77 Shares of Equinix, Inc. (NASDAQ:EQIX)

Centaurus Financial Inc. trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 37.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127 shares of the financial services provider’s stock after selling 77 shares during the period. Centaurus Financial Inc.’s holdings in Equinix were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Equinix by 80.0% during the 3rd quarter. Larson Financial Group LLC now owns 108 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 48 shares during the period. WESPAC Advisors LLC grew its stake in Equinix by 5.9% during the third quarter. WESPAC Advisors LLC now owns 1,083 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 60 shares in the last quarter. Cerity Partners LLC grew its stake in Equinix by 64.7% during the third quarter. Cerity Partners LLC now owns 9,728 shares of the financial services provider’s stock valued at $8,635,000 after acquiring an additional 3,820 shares in the last quarter. Waddell & Associates LLC grew its stake in Equinix by 8.5% during the third quarter. Waddell & Associates LLC now owns 396 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 31 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Equinix by 710.8% during the third quarter. Icon Wealth Advisors LLC now owns 1,281 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 1,123 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In related news, insider Meredith Williamson sold 576 shares of Equinix stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Lin sold 93 shares of Equinix stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the sale, the executive vice president now owns 7,141 shares of the company’s stock, valued at $5,862,689.59. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock worth $11,666,756 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EQIX shares. BMO Capital Markets raised their target price on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Stifel Nicolaus raised their target price on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Scotiabank raised their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Finally, Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Equinix Price Performance

EQIX stock opened at $979.10 on Friday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $900.50 and a 200 day moving average price of $831.45. The stock has a market cap of $94.47 billion, a PE ratio of 88.29, a P/E/G ratio of 2.51 and a beta of 0.71.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.74%. Equinix’s payout ratio is 153.65%.

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.