Equinix, Inc. (NASDAQ:EQIX) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,208 shares of the financial services provider’s stock after selling 117 shares during the quarter. NewEdge Wealth LLC’s holdings in Equinix were worth $1,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EQIX. Balentine LLC boosted its holdings in Equinix by 0.8% during the third quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock worth $1,240,000 after buying an additional 14 shares in the last quarter. DRW Securities LLC boosted its stake in Equinix by 2.7% in the 2nd quarter. DRW Securities LLC now owns 535 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 14 shares during the period. Equitable Holdings Inc. boosted its stake in Equinix by 0.5% in the 1st quarter. Equitable Holdings Inc. now owns 3,085 shares of the financial services provider’s stock worth $2,224,000 after purchasing an additional 14 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Equinix by 0.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock worth $2,021,000 after purchasing an additional 15 shares during the period. Finally, Legacy Advisors LLC boosted its stake in Equinix by 1.6% in the 3rd quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Jonathan Lin sold 624 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were 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 owns 5,671 shares of the company’s stock, valued at $4,591,581.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jonathan Lin sold 624 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the transaction, the executive vice president now owns 5,671 shares in the company, valued at $4,591,581.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Earl Campbell sold 2,199 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $799.92, for a total transaction of $1,759,024.08. Following the completion of the transaction, the insider now owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,282 shares of company stock valued at $14,788,771. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Wells Fargo & Company lifted their target price on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Barclays decreased their target price on shares of Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Truist Financial lifted their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $868.72.

Equinix Trading Down 1.3 %

EQIX opened at $764.05 on Monday. 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 cap of $72.30 billion, a price-to-earnings ratio of 74.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.58. The firm has a 50 day simple moving average of $844.04 and a 200 day simple moving average of $801.95. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.23%. The ex-dividend date was Tuesday, February 27th. Equinix’s payout ratio is presently 165.28%.

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.