Assenagon Asset Management S.A. Reduces Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Assenagon Asset Management S.A. reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,190 shares of the financial services provider’s stock after selling 115 shares during the period. Assenagon Asset Management S.A.’s holdings in Equinix were worth $2,569,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Providence Capital Advisors LLC purchased a new stake in shares of Equinix during the 3rd quarter valued at about $29,000. Operose Advisors LLC acquired a new stake in Equinix during the 3rd quarter valued at approximately $36,000. Asset Dedication LLC grew its stake in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 25 shares in the last quarter. Quarry LP grew its position in shares of Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 38 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Equinix by 48.6% in the 3rd quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 18 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Jonathan Lin sold 624 shares of Equinix stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total transaction of $505,227.84. Following the sale, the executive vice president now owns 5,671 shares of the company’s stock, valued at approximately $4,591,581.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Charles J. Meyers sold 7,174 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total value of $5,740,491.32. Following the sale, the chief executive officer now owns 16,360 shares of the company’s stock, valued at approximately $13,090,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Lin sold 624 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the sale, the executive vice president now directly owns 5,671 shares in the company, valued at approximately $4,591,581.86. The disclosure for this sale can be found here. Insiders have sold 18,282 shares of company stock valued at $14,788,771 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Equinix Stock Down 0.5 %

Shares of Equinix stock opened at $788.91 on Thursday. The business’s fifty day moving average price is $851.18 and its two-hundred day moving average price is $799.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $74.65 billion, a P/E ratio of 76.52, a PEG ratio of 1.91 and a beta of 0.58. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Analysts Set New Price Targets

Several research analysts have recently commented on EQIX shares. Morgan Stanley decreased their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Barclays decreased their target price on Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 target price on shares of Equinix in a research report on Wednesday, March 13th. Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada lifted their target price on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $868.72.

Read Our Latest Stock Analysis on Equinix

About Equinix

(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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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