Insider Selling: Equinix, Inc. (NASDAQ:EQIX) Director Sells 100 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Equinix Price Performance

NASDAQ EQIX traded up $12.11 on Monday, reaching $909.48. 480,189 shares of the company’s stock traded hands, compared to its average volume of 526,413. The stock has a market cap of $87.76 billion, a PE ratio of 80.92, a P/E/G ratio of 2.25 and a beta of 0.71. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The stock has a 50-day simple moving average of $885.56 and a 200 day simple moving average of $818.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Institutional Trading of Equinix

Several hedge funds and other institutional investors have recently bought and sold shares of EQIX. GS Investments Inc. raised its holdings in Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after buying an additional 12 shares during the last quarter. Cypress Capital Group increased its stake in shares of Equinix by 2.3% during the second quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock valued at $435,000 after buying an additional 13 shares during the period. MRA Advisory Group raised its holdings in shares of Equinix by 3.2% during the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 13 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Finally, Fortitude Family Office LLC increased its position in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Truist Financial increased their price objective on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, HSBC upgraded Equinix from a “hold” rating to a “buy” rating and boosted their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $945.38.

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.