Equinix, Inc. (NASDAQ:EQIX) Insider Michael Earl Campbell Sells 600 Shares

Equinix, Inc. (NASDAQ:EQIXGet Free Report) insider Michael Earl Campbell sold 600 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $780.66, for a total value of $468,396.00. Following the transaction, the insider now directly owns 12,081 shares in the company, valued at approximately $9,431,153.46. The transaction was disclosed in a filing with the SEC, which is available at this link.

Equinix Trading Up 1.3 %

Shares of Equinix stock opened at $784.34 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 12-month low of $640.92 and a 12-month high of $821.63. The firm has a market capitalization of $73.63 billion, a price-to-earnings ratio of 84.34, a PEG ratio of 1.52 and a beta of 0.62. The firm’s 50 day simple moving average is $741.53 and its two-hundred day simple moving average is $757.42.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $4.26 per share. This is a positive change from Equinix’s previous quarterly dividend of $3.41. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $17.04 dividend on an annualized basis and a yield of 2.17%. Equinix’s dividend payout ratio is presently 183.23%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EQIX shares. BMO Capital Markets dropped their price target on Equinix from $870.00 to $850.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Morgan Stanley raised their price objective on Equinix from $725.00 to $785.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. JPMorgan Chase & Co. raised their price objective on Equinix from $825.00 to $900.00 in a research report on Friday, August 4th. Scotiabank started coverage on Equinix in a research report on Friday, October 13th. They set a “sector outperform” rating and a $856.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Equinix from $780.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $824.10.

Get Our Latest Stock Analysis on Equinix

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EQIX. Sequoia Financial Advisors LLC increased its stake in shares of Equinix by 15.5% in the first quarter. Sequoia Financial Advisors LLC now owns 687 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 92 shares during the period. Baird Financial Group Inc. increased its stake in shares of Equinix by 5.3% in the first quarter. Baird Financial Group Inc. now owns 1,169 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 59 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Equinix by 182.8% in the first quarter. Brown Brothers Harriman & Co. now owns 263 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 170 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Equinix by 10.3% in the first quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 16 shares during the period. Finally, Covestor Ltd increased its stake in shares of Equinix by 300.0% in the first quarter. Covestor Ltd now owns 172 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Equinix Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.