Equinix, Inc. (NASDAQ:EQIX) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 43.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,899 shares of the financial services provider’s stock after selling 3,779 shares during the period. First Citizens Bank & Trust Co.’s holdings in Equinix were worth $3,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new position in Equinix in the 3rd quarter valued at $29,000. Operose Advisors LLC acquired a new stake in Equinix during the 3rd quarter worth approximately $36,000. Asset Dedication LLC increased its position in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares in the last quarter. Quarry LP grew its position in Equinix by 237.5% in the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 38 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Equinix by 48.6% during the third quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after buying an additional 18 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research note on Wednesday, March 20th. Oppenheimer raised their price objective on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Barclays reduced their target price on Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Truist Financial boosted their price objective on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets boosted their price target on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $868.72.

View Our Latest Research Report on EQIX

Equinix Stock Down 1.0 %

Shares of EQIX traded down $8.29 during midday trading on Tuesday, reaching $791.76. The stock had a trading volume of 240,247 shares, compared to its average volume of 557,720. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day simple moving average is $851.35 and its two-hundred day simple moving average is $799.20. The company has a market cap of $74.92 billion, a price-to-earnings ratio of 77.60, a PEG ratio of 1.97 and a beta of 0.58. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Insider Transactions at Equinix

In other Equinix news, EVP Scott Crenshaw sold 460 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the transaction, the executive vice president now owns 1,242 shares in the company, valued at $1,034,548.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the sale, the executive vice president now directly owns 1,242 shares in the company, valued at $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jonathan Lin sold 624 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total transaction of $505,227.84. Following the sale, the executive vice president now owns 5,671 shares of the company’s stock, valued at $4,591,581.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,282 shares of company stock worth $14,788,771. Company insiders own 0.32% of the company’s stock.

Equinix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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