Insigneo Advisory Services LLC Sells 64 Shares of Equinix, Inc. (NASDAQ:EQIX)

Insigneo Advisory Services LLC lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 22.4% in the 4th quarter, HoldingsChannel reports. The fund owned 222 shares of the financial services provider’s stock after selling 64 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Equinix were worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the 4th quarter valued at $39,000. Sierra Ocean LLC bought a new stake in shares of Equinix during the fourth quarter worth $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix during the fourth quarter valued at $47,000. Finally, Key Financial Inc boosted its holdings in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 14 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EQIX shares. Mizuho dropped their price objective on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Scotiabank lifted their price objective on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1,005.50.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 215 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the transaction, the insider now directly owns 1,245 shares in the company, valued at $1,157,513.85. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,040 shares of company stock valued at $6,547,068 in the last quarter. 0.27% of the stock is currently owned by insiders.

Equinix Trading Up 1.5 %

Shares of NASDAQ:EQIX opened at $790.15 on Friday. The firm has a market cap of $77.29 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company’s fifty day simple moving average is $847.77 and its 200 day simple moving average is $897.45. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last released 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, research analysts forecast 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. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.37%. This is an increase from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is 219.42%.

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.