Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 797 shares of the financial services provider’s stock after selling 17 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Equinix were worth $642,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Providence Capital Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter worth approximately $29,000. Operose Advisors LLC purchased a new position in shares of Equinix in the third quarter worth approximately $36,000. Asset Dedication LLC increased its position in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 25 shares in the last quarter. Quarry LP increased its position in shares of Equinix by 237.5% in the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 38 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Equinix by 48.6% in the third quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several analyst reports. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Truist Financial lifted their target price on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Barclays lowered their price objective on shares of Equinix from $788.00 to $781.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $869.00.

Insider Transactions at Equinix

In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles J. Meyers sold 7,174 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the completion of the sale, the chief executive officer now owns 16,360 shares of the company’s stock, valued at $13,090,944.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,282 shares of company stock worth $14,788,771. 0.32% of the stock is owned by insiders.

Equinix Stock Up 1.2 %

NASDAQ EQIX traded up $9.47 during trading on Thursday, reaching $824.78. The company’s stock had a trading volume of 398,154 shares, compared to its average volume of 554,226. 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 stock has a market capitalization of $78.04 billion, a PE ratio of 79.08, a PEG ratio of 1.91 and a beta of 0.59. The business has a 50-day moving average price of $849.93 and a 200-day moving average price of $798.15. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is 165.28%.

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.