Fidelis Capital Partners LLC Sells 35 Shares of Equinix, Inc. (NASDAQ:EQIX)

Fidelis Capital Partners LLC cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,426 shares of the financial services provider’s stock after selling 35 shares during the period. Fidelis Capital Partners LLC’s holdings in Equinix were worth $1,305,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EQIX. Kestra Investment Management LLC purchased a new position in shares of Equinix during the fourth quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in shares of Equinix in the fourth quarter worth $42,000. Dunhill Financial LLC increased its stake in shares of Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares during the period. Thompson Investment Management Inc. purchased a new position in shares of Equinix in the fourth quarter worth $47,000. Finally, Key Financial Inc increased its stake in shares of Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock worth $57,000 after buying an additional 14 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 684 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles J. Meyers sold 5,788 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the transaction, the chairman now owns 15,233 shares of the company’s stock, valued at $13,859,135.73. This trade represents a 27.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. Scotiabank lifted their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a report on Monday. Wells Fargo & Company cut their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets dropped their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has an average rating of “Buy” and a consensus price target of $995.24.

Equinix Stock Up 0.7 %

NASDAQ EQIX opened at $910.58 on Tuesday. The business has a fifty day moving average price of $927.62 and a 200 day moving average price of $906.25. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $88.63 billion, a P/E ratio of 106.50, a P/E/G ratio of 1.78 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.06%. Equinix’s dividend payout ratio is currently 219.42%.

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.