Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Alerus Financial NA

Alerus Financial NA reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 16.2% in the 4th quarter, Holdings Channel reports. The firm owned 884 shares of the financial services provider’s stock after selling 171 shares during the period. Alerus Financial NA’s holdings in Equinix were worth $834,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EQIX. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the 4th quarter worth $31,000. J.Safra Asset Management Corp purchased a new position in Equinix during the fourth quarter worth approximately $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the fourth quarter valued at about $42,000. Dunhill Financial LLC lifted its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Equinix in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $825.31 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average of $898.21 and a 200-day moving average of $908.63. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a market capitalization of $80.33 billion, a P/E ratio of 96.53, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating 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, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.27%. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 219.42%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Royal Bank of Canada boosted their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 target price for the company in a research note on Thursday. Finally, Barclays upped their price objective on shares of Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $989.39.

Insider Transactions at Equinix

In other news, Chairman Charles J. Meyers sold 5,788 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. The trade was a 27.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock valued at $17,466,950 in the last three months. 0.27% of the stock is currently owned by company insiders.

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.