Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Davidson Investment Advisors

Davidson Investment Advisors reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308 shares of the financial services provider’s stock after selling 18 shares during the period. Davidson Investment Advisors’ holdings in Equinix were worth $290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Key Financial Inc grew its stake in shares of Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 14 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Equinix in the fourth quarter worth approximately $31,000. Venturi Wealth Management LLC increased its holdings in shares of Equinix by 37.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,739 shares of the financial services provider’s stock valued at $1,640,000 after buying an additional 470 shares in the last quarter. Truist Financial Corp lifted its position in shares of Equinix by 6.6% during the 4th quarter. Truist Financial Corp now owns 48,320 shares of the financial services provider’s stock valued at $45,560,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Blue Chip Partners LLC boosted its stake in shares of Equinix by 1.6% during the 4th quarter. Blue Chip Partners LLC now owns 13,090 shares of the financial services provider’s stock worth $12,343,000 after acquiring an additional 212 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. The trade was a 16.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,701 shares of company stock worth $15,441,464. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

EQIX has been the topic of a number of recent analyst reports. Scotiabank cut their target price on Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $994.82.

Equinix Price Performance

NASDAQ EQIX opened at $933.60 on Tuesday. The company has a 50 day moving average price of $934.88 and a two-hundred day moving average price of $897.69. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The stock has a market capitalization of $90.08 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data 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 net margin of 12.29% and a return on equity of 8.34%. As a group, equities analysts predict that Equinix, Inc. will post 31.09 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.