Choreo LLC Decreases Stake in Equinix, Inc. (NASDAQ:EQIX)

Choreo LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 263 shares of the financial services provider’s stock after selling 45 shares during the quarter. Choreo LLC’s holdings in Equinix were worth $211,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EQIX. Balentine LLC grew its stake in Equinix by 0.8% during the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 14 shares in the last quarter. Sage Mountain Advisors LLC increased its stake in shares of Equinix by 3.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock worth $304,000 after buying an additional 14 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Equinix by 0.5% in the third quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after acquiring an additional 15 shares in the last quarter. Legacy Advisors LLC boosted its stake in Equinix by 1.6% during the 3rd quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 15 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV grew its holdings in Equinix by 0.8% during the 3rd quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock worth $1,396,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares in the company, valued at $19,314,307.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total transaction of $607,140.36. Following the transaction, the insider now owns 14,002 shares in the company, valued at $11,661,425.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,585 shares of company stock valued at $3,818,268. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Performance

EQIX opened at $700.18 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $807.36 and its 200-day moving average is $801.23. The stock has a market cap of $66.25 billion, a PE ratio of 67.91, a price-to-earnings-growth ratio of 1.80 and a beta of 0.62. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.43%. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EQIX shares. HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research report on Wednesday, March 20th. 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. Truist Financial boosted their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. BMO Capital Markets lifted their price objective on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company increased their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $868.06.

Equinix 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.