Foresight Group Ltd Liability Partnership Sells 6,544 Shares of Equinix, Inc. (NASDAQ:EQIX)

Foresight Group Ltd Liability Partnership reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,036 shares of the financial services provider’s stock after selling 6,544 shares during the quarter. Equinix accounts for approximately 11.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 4th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Equinix were worth $19,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empirical Asset Management LLC acquired a new position in shares of Equinix during the 4th quarter worth $26,509,000. Retireful LLC acquired a new position in shares of Equinix during the 4th quarter worth $802,000. Ritholtz Wealth Management grew its holdings in Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Equinix by 20.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,607 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 271 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in Equinix during the 4th quarter valued at $342,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

NASDAQ:EQIX opened at $919.89 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $941.51 and a two-hundred day moving average of $874.47. The stock has a market cap of $88.76 billion, a P/E ratio of 82.95, a PEG ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.85%. Equinix’s payout ratio is currently 153.65%.

Analysts Set New Price Targets

EQIX has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective 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. Barclays boosted their price objective 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. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and boosted their target price for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. The Goldman Sachs Group upped their price objective on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Evercore ISI upped their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $976.81.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares in the company, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 222 shares of Equinix stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the sale, the insider now owns 1,015 shares of the company’s stock, valued at approximately $976,633. This trade represents a 17.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock valued at $7,906,218 in the last ninety days. Insiders own 0.27% of the company’s stock.

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.