Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor Sells 3,184 Shares

Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Equinix Stock Down 0.5 %

Shares of Equinix stock opened at $915.59 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $88.35 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. The company has a 50-day moving average of $941.75 and a 200 day moving average of $874.79. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. TD Cowen lifted their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Barclays boosted their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

Institutional Trading of Equinix

A number of hedge funds have recently bought and sold shares of the company. Verde Capital Management increased its position in Equinix by 11.1% in the fourth quarter. Verde Capital Management now owns 2,191 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 219 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in Equinix by 3.6% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,947 shares of the financial services provider’s stock valued at $5,608,000 after buying an additional 205 shares during the period. Mutual Advisors LLC lifted its stake in Equinix by 14.5% in the fourth quarter. Mutual Advisors LLC now owns 788 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 100 shares during the last quarter. Wendell David Associates Inc. boosted its holdings in Equinix by 38.9% during the 4th quarter. Wendell David Associates Inc. now owns 4,101 shares of the financial services provider’s stock valued at $3,867,000 after acquiring an additional 1,149 shares during the period. Finally, Phillips Wealth Planners LLC grew its holdings in shares of Equinix by 18.3% in the fourth quarter. Phillips Wealth Planners LLC now owns 725 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.