Capital International Ltd. CA Decreases Position in Equinix, Inc. (NASDAQ:EQIX)

Capital International Ltd. CA decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,928 shares of the financial services provider’s stock after selling 334 shares during the quarter. Capital International Ltd. CA’s holdings in Equinix were worth $1,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Equinix in the first quarter valued at approximately $1,352,000. Advisors Asset Management Inc. increased its holdings in shares of Equinix by 37.7% in the first quarter. Advisors Asset Management Inc. now owns 3,100 shares of the financial services provider’s stock valued at $2,559,000 after purchasing an additional 849 shares during the period. Freestone Capital Holdings LLC increased its holdings in shares of Equinix by 2.9% in the first quarter. Freestone Capital Holdings LLC now owns 3,771 shares of the financial services provider’s stock valued at $3,113,000 after purchasing an additional 107 shares during the period. EntryPoint Capital LLC grew its holdings in Equinix by 234.8% during the first quarter. EntryPoint Capital LLC now owns 77 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 54 shares during the period. Finally, Vident Advisory LLC grew its holdings in Equinix by 28.5% during the first quarter. Vident Advisory LLC now owns 13,116 shares of the financial services provider’s stock worth $10,825,000 after acquiring an additional 2,909 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 12,758 shares of the company’s stock, valued at $10,212,779. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 12,758 shares of the company’s stock, valued at approximately $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 the company’s 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 completion of the transaction, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Shares of EQIX traded up $3.12 during midday trading on Friday, hitting $772.43. 540,992 shares of the company traded hands, compared to its average volume of 568,258. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $73.31 billion, a P/E ratio of 77.48, a PEG ratio of 2.74 and a beta of 0.68. The stock has a 50-day moving average of $770.49 and a 200-day moving average of $797.07.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a dividend of $4.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.21%. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley reduced 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. Barclays increased their target price on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. The Goldman Sachs Group assumed coverage on Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. TD Cowen reduced their target price on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Wells Fargo & Company upgraded Equinix from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $825.00 to $875.00 in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and an average price target of $875.50.

About Equinix

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.