Capital International Sarl Sells 2,543 Shares of Equinix, Inc. (NASDAQ:EQIX)

Capital International Sarl trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,002 shares of the financial services provider’s stock after selling 2,543 shares during the quarter. Capital International Sarl’s holdings in Equinix were worth $9,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. grew its holdings in Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 26 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in Equinix in the 3rd quarter worth approximately $29,000. Criterion Capital Advisors LLC acquired a new position in Equinix during the 4th quarter valued at approximately $32,000. Operose Advisors LLC purchased a new position in shares of Equinix in the third quarter worth $36,000. Finally, Asset Dedication LLC grew its stake in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX traded down $4.77 during trading hours on Wednesday, hitting $759.91. The stock had a trading volume of 185,611 shares, compared to its average volume of 611,599. The stock’s fifty day simple moving average is $762.83 and its 200 day simple moving average is $805.71. The firm has a market capitalization of $72.12 billion, a price-to-earnings ratio of 76.70, a PEG ratio of 2.62 and a beta of 0.68. 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 1-year low of $677.80 and a 1-year high of $914.93.

Equinix Announces Dividend

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

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now directly 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. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Truist Financial increased their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 price target on shares of Equinix in a research report on Wednesday, March 13th. Finally, Barclays upped their target price on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $872.81.

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About Equinix

(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.

See Also

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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