Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,913 shares of the financial services provider’s stock after selling 171 shares during the period. Stephens Inc. AR’s holdings in Equinix were worth $1,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. GHP Investment Advisors Inc. lifted its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the period. Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the fourth quarter worth approximately $47,000. Finally, Friedenthal Financial purchased a new position in Equinix during the fourth quarter worth approximately $58,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EQIX shares. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, February 6th. Evercore ISI increased their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Truist Financial upped their target price on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $996.06.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the transaction, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,801 shares of company stock valued at $15,530,564 over the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $935.20 on Thursday. The firm has a market cap of $90.24 billion, a price-to-earnings ratio of 84.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $937.53 and a 200-day moving average of $894.48.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. Analysts forecast that Equinix, Inc. will post 31.09 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is presently 153.65%.

About Equinix

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.