Equinix, Inc. (NASDAQ:EQIX) CFO Sells $2,280,600.36 in Stock

Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 2,454 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the transaction, the chief financial officer now owns 24,402 shares in the company, valued at approximately $22,677,754.68. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equinix Trading Up 0.2 %

NASDAQ EQIX traded up $1.51 on Thursday, reaching $940.59. The stock had a trading volume of 275,366 shares, compared to its average volume of 500,881. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The stock has a fifty day moving average price of $932.87 and a two-hundred day moving average price of $899.70. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $91.55 billion, a price-to-earnings ratio of 110.01, a P/E/G ratio of 2.28 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is currently 199.30%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EQIX. JMP Securities restated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. TD Cowen lifted their price target on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays lifted their price target on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $994.82.

Hedge Funds Weigh In On Equinix

A number of institutional investors and hedge funds have recently modified their holdings of EQIX. Creative Planning grew its stake in shares of Equinix by 16.7% during the third quarter. Creative Planning now owns 7,754 shares of the financial services provider’s stock worth $6,883,000 after purchasing an additional 1,111 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Equinix by 12.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,559 shares of the financial services provider’s stock worth $41,327,000 after purchasing an additional 5,189 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Equinix by 8.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 756 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 60 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Equinix by 21.2% during the third quarter. Sequoia Financial Advisors LLC now owns 2,025 shares of the financial services provider’s stock worth $1,798,000 after purchasing an additional 354 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Equinix by 6.0% during the third quarter. Signaturefd LLC now owns 1,357 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds 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.