SG Americas Securities LLC Decreases Holdings in Equinix, Inc. (NASDAQ:EQIX)

SG Americas Securities LLC lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 36.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,870 shares of the financial services provider’s stock after selling 10,082 shares during the quarter. SG Americas Securities LLC’s holdings in Equinix were worth $16,849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EQIX. Evergreen Capital Management LLC raised its holdings in Equinix by 17.0% during the second quarter. Evergreen Capital Management LLC now owns 419 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 61 shares in the last quarter. AQR Capital Management LLC raised its stake in Equinix by 2.4% during the 2nd quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider’s stock worth $20,793,000 after acquiring an additional 647 shares in the last quarter. Electron Capital Partners LLC lifted its position in Equinix by 145.1% in the second quarter. Electron Capital Partners LLC now owns 137,055 shares of the financial services provider’s stock valued at $103,696,000 after acquiring an additional 81,136 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Equinix by 104.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider’s stock valued at $238,133,000 after acquiring an additional 160,906 shares in the last quarter. Finally, MBB Public Markets I LLC increased its position in shares of Equinix by 1,430.0% during the second quarter. MBB Public Markets I LLC now owns 6,671 shares of the financial services provider’s stock worth $5,047,000 after purchasing an additional 6,235 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the transaction, the insider now directly owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $923.56, for a total value of $943,878.32. Following the sale, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,549 shares of company stock worth $18,036,455 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of research reports. Evercore ISI raised their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and raised their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $984.88.

Equinix Trading Up 1.7 %

Shares of EQIX stock opened at $940.93 on Friday. The business’s fifty day moving average price is $942.79 and its 200 day moving average price is $880.36. The firm has a market capitalization of $90.79 billion, a PE ratio of 84.84, a P/E/G ratio of 2.22 and a beta of 0.73. 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, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.