Insider Selling: Equinix, Inc. (NASDAQ:EQIX) CEO Sells 1,370 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the transaction, the chief executive officer now directly owns 4,329 shares of the company’s stock, valued at $3,937,268.79. This represents a 24.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Adaire Fox-Martin also recently made the following trade(s):

• On Tuesday, December 3rd, Adaire Fox-Martin sold 2,965 shares of Equinix stock. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30.

Equinix Stock Performance

NASDAQ:EQIX 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 PE ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. The firm has a 50 day simple moving average of $941.75 and a 200-day simple moving average of $874.79. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQIX. BMO Capital Markets upped their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Cfra reaffirmed a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $976.81.

Institutional Investors Weigh In On Equinix

Several hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. lifted its position in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Dunhill Financial LLC grew its holdings in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the period. Finally, Webster Bank N. A. increased its position in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.