Fidelis Capital Partners LLC Sells 35 Shares of Equinix, Inc. (NASDAQ:EQIX)

Fidelis Capital Partners LLC lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,426 shares of the financial services provider’s stock after selling 35 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Equinix were worth $1,305,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in EQIX. Pinnacle Associates Ltd. boosted its position in Equinix by 10.5% during the third quarter. Pinnacle Associates Ltd. now owns 536 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 51 shares during the period. Gladstone Institutional Advisory LLC bought a new stake in shares of Equinix in the third quarter valued at approximately $235,000. Farther Finance Advisors LLC boosted its position in shares of Equinix by 3.6% in the third quarter. Farther Finance Advisors LLC now owns 862 shares of the financial services provider’s stock valued at $765,000 after acquiring an additional 30 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Equinix in the third quarter valued at approximately $247,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Equinix in the third quarter valued at approximately $8,980,000. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.7 %

NASDAQ:EQIX opened at $910.58 on Tuesday. The firm’s fifty day moving average is $927.62 and its 200-day moving average is $906.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm has a market cap of $88.63 billion, a P/E ratio of 106.50, a P/E/G ratio of 1.78 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.06%. Equinix’s dividend payout ratio is currently 219.42%.

Analysts Set New Price Targets

Several brokerages recently commented on EQIX. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank raised their target price on Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $995.24.

Insiders Place Their Bets

In related news, CEO Adaire Fox-Martin sold 1,370 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the completion of the sale, the chief executive officer now owns 4,329 shares in the company, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kurt Pletcher sold 341 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now owns 1,430 shares of the company’s stock, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,054 shares of company stock worth $17,466,950. Insiders own 0.27% of the company’s stock.

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.