Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Green Alpha Advisors LLC

Green Alpha Advisors LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,028 shares of the financial services provider’s stock after selling 33 shares during the period. Equinix makes up about 1.5% of Green Alpha Advisors LLC’s holdings, making the stock its 15th largest position. Green Alpha Advisors LLC’s holdings in Equinix were worth $1,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Equinix by 302.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after acquiring an additional 813,666 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Adelante Capital Management LLC raised its holdings in Equinix by 202.3% during the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after purchasing an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after buying an additional 203,656 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Equinix by 104.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider’s stock valued at $238,133,000 after buying an additional 160,906 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 5.4 %

Shares of EQIX opened at $899.83 on Monday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock’s 50-day moving average is $941.47 and its two-hundred day moving average is $872.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $86.82 billion, a PE ratio of 81.14, a P/E/G ratio of 2.48 and a beta of 0.73.

Equinix Dividend Announcement

The firm also recently announced 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 was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. Equinix’s dividend payout ratio is presently 153.65%.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares in the company, valued at approximately $7,531,365. This trade represents a 9.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the completion of the sale, the executive vice president now owns 4,893 shares of the company’s stock, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,398 shares of company stock valued at $7,906,218. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company upped their target price on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Scotiabank lifted their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $976.81.

Equinix Company 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.