Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in Equinix, Inc. (NASDAQ:EQIXFree Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,678 shares of the financial services provider’s stock after selling 54 shares during the period. Wedge Capital Management L L P NC’s holdings in Equinix were worth $4,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. California Public Employees Retirement System increased its holdings in shares of Equinix by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 432,342 shares of the financial services provider’s stock valued at $348,204,000 after purchasing an additional 2,363 shares during the period. Sage Mountain Advisors LLC grew its holdings in Equinix by 3.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 14 shares during the period. Stock Yards Bank & Trust Co. grew its holdings in Equinix by 6.0% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 15,047 shares of the financial services provider’s stock worth $12,119,000 after acquiring an additional 856 shares during the period. Duality Advisers LP acquired a new position in Equinix during the fourth quarter worth $2,401,000. Finally, Cetera Trust Company N.A acquired a new position in Equinix during the fourth quarter worth $334,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a report on Wednesday, March 20th. Barclays decreased their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets boosted their target price on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Morgan Stanley decreased their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Finally, Truist Financial boosted their target price on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $862.50.

Read Our Latest Report on EQIX

Equinix Stock Down 0.7 %

Shares of NASDAQ:EQIX opened at $756.84 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93. The stock’s fifty day simple moving average is $828.73 and its 200-day simple moving average is $803.06. The company has a market capitalization of $71.61 billion, a P/E ratio of 73.41, a P/E/G ratio of 1.97 and a beta of 0.58.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.25%. Equinix’s dividend payout ratio is currently 165.28%.

Insider Activity at Equinix

In related news, CFO Keith D. Taylor sold 1,164 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares in the company, valued at $19,314,307.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,585 shares of company stock worth $3,818,268. 0.27% of the stock is currently owned by insiders.

Equinix Company 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.

Further Reading

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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