Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley Sells 125 Shares

Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Equinix Price Performance

Shares of Equinix stock opened at $940.59 on Friday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock’s fifty day moving average is $932.17 and its 200 day moving average is $899.99. The stock has a market cap of $91.55 billion, a P/E ratio of 110.01, a P/E/G ratio of 2.28 and a beta of 0.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is currently 199.30%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EQIX. TD Cowen upped their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets reduced their target price on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Truist Financial upped their target price on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus target price of $994.82.

Hedge Funds Weigh In On Equinix

A number of institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in Equinix by 80.6% in the 4th quarter. Mackenzie Financial Corp now owns 57,248 shares of the financial services provider’s stock worth $53,979,000 after purchasing an additional 25,556 shares during the period. Toronto Dominion Bank raised its holdings in Equinix by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 51,495 shares of the financial services provider’s stock valued at $48,554,000 after acquiring an additional 3,975 shares during the period. North Star Asset Management Inc. bought a new stake in Equinix during the fourth quarter valued at about $273,000. GF Fund Management CO. LTD. bought a new stake in Equinix during the fourth quarter valued at about $1,626,000. Finally, Pinney & Scofield Inc. bought a new stake in Equinix during the fourth quarter valued at about $28,000. 94.94% of the stock is owned by institutional investors.

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.