Equinix, Inc. (NASDAQ:EQIX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 92.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200 shares of the financial services provider’s stock after selling 2,344 shares during the period. AlphaQuest LLC’s holdings in Equinix were worth $189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the 4th quarter valued at about $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix in the 4th quarter valued at about $42,000. Dunhill Financial LLC raised its holdings in shares of Equinix by 108.7% during the 3rd 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. Finally, Thompson Investment Management Inc. purchased a new stake in shares of Equinix during the 4th quarter valued at about $47,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 341 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the sale, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 0.4 %

Shares of EQIX stock opened at $837.68 on Monday. 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 1 year low of $684.14 and a 1 year high of $994.03. The stock has a fifty day moving average of $912.40 and a two-hundred day moving average of $908.72. The firm has a market capitalization of $81.53 billion, a PE ratio of 97.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping 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, research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.24%. 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. Equinix’s payout ratio is 219.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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 report on Monday, March 3rd. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. BMO Capital Markets dropped their price objective on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Finally, Oppenheimer boosted their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $989.35.

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.