Equinix, Inc. (NASDAQ:EQIX) Director Sells $114,026.25 in Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now directly owns 17,669 shares of the company’s stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Equinix Price Performance

NASDAQ EQIX opened at $939.08 on Thursday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The firm has a market capitalization of $91.40 billion, a PE ratio of 109.83, a P/E/G ratio of 2.24 and a beta of 0.72. The company’s 50 day simple moving average is $932.87 and its 200 day simple moving average is $899.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities research analysts forecast that Equinix, Inc. will post 33.71 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.00%. Equinix’s payout ratio is 199.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQIX. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Barclays boosted their price target on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Royal Bank of Canada raised their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI lifted their price objective on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Scotiabank dropped their target price on shares of Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $994.82.

Hedge Funds Weigh In On Equinix

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Equinix during the fourth quarter valued at approximately $1,067,270,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after buying an additional 813,666 shares in the last quarter. Northern Trust Corp lifted its position in shares of Equinix by 65.3% during the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider’s stock valued at $1,399,042,000 after acquiring an additional 586,034 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Equinix by 28.7% during the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock worth $1,701,188,000 after acquiring an additional 401,991 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in shares of Equinix by 89,348.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after acquiring an additional 398,494 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

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.