Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,608 shares of the financial services provider’s stock after selling 18 shares during the period. Prudent Man Advisors LLC’s holdings in Equinix were worth $1,295,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Systematic Alpha Investments LLC acquired a new stake in shares of Equinix during the fourth quarter valued at $84,000. KBC Group NV lifted its position in Equinix by 3.2% during the fourth quarter. KBC Group NV now owns 52,655 shares of the financial services provider’s stock worth $42,408,000 after buying an additional 1,637 shares during the period. California State Teachers Retirement System lifted its position in Equinix by 1.0% during the fourth quarter. California State Teachers Retirement System now owns 149,349 shares of the financial services provider’s stock worth $120,284,000 after buying an additional 1,439 shares during the period. Edgewood Management LLC lifted its position in Equinix by 48.7% during the fourth quarter. Edgewood Management LLC now owns 32,093 shares of the financial services provider’s stock worth $25,847,000 after buying an additional 10,506 shares during the period. Finally, Rathbones Group PLC lifted its position in Equinix by 2.5% during the fourth quarter. Rathbones Group PLC now owns 171,221 shares of the financial services provider’s stock worth $137,900,000 after buying an additional 4,226 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQIX. HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Truist Financial raised their price objective on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Morgan Stanley cut their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $872.81.

View Our Latest Analysis on EQIX

Equinix Stock Up 1.1 %

Shares of EQIX stock traded up $8.37 during trading hours on Tuesday, reaching $759.83. The company had a trading volume of 53,256 shares, compared to its average volume of 611,798. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The company has a market capitalization of $72.12 billion, a P/E ratio of 75.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The stock’s fifty day simple moving average is $763.54 and its 200 day simple moving average is $805.78.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $4.26 per share. The ex-dividend date is Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.24%. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the sale, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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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