Christopher B. Paisley Sells 125 Shares of Equinix, Inc. (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Equinix Price Performance

Shares of NASDAQ EQIX traded up $7.18 during midday trading on Wednesday, reaching $939.08. 529,114 shares of the company traded hands, compared to its average volume of 507,929. The firm has a market cap of $91.40 billion, a PE ratio of 109.83, a PEG ratio of 2.24 and a beta of 0.72. The stock’s 50-day simple moving average is $933.56 and its 200-day simple moving average is $899.43. Equinix, Inc. has a 12 month low of $684.14 and a 12 month 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.

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, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities analysts anticipate that Equinix, Inc. will post 33.71 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. Shareholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. The ex-dividend date 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 2.00%. Equinix’s dividend payout ratio (DPR) is presently 199.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its holdings in shares of Equinix by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 51,495 shares of the financial services provider’s stock valued at $48,554,000 after acquiring an additional 3,975 shares during the period. North Star Asset Management Inc. bought a new position in shares of Equinix in the fourth quarter valued at about $273,000. GF Fund Management CO. LTD. bought a new position in shares of Equinix in the fourth quarter valued at about $1,626,000. Pinney & Scofield Inc. bought a new position in shares of Equinix in the fourth quarter valued at about $28,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Equinix by 2.4% in the fourth quarter. Sunbelt Securities Inc. now owns 692 shares of the financial services provider’s stock valued at $647,000 after buying an additional 16 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Evercore ISI lifted their price target on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped 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 research report on Thursday, February 13th. TD Cowen lifted their price target on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $994.82.

Equinix Company 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.