Equinix, Inc. (NASDAQ:EQIX) Holdings Cut by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 462,916 shares of the financial services provider’s stock after selling 86,382 shares during the period. Equinix makes up about 7.7% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its largest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Equinix were worth $436,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in EQIX. Gladstone Institutional Advisory LLC purchased a new stake in shares of Equinix in the 3rd quarter valued at approximately $235,000. Farther Finance Advisors LLC grew its stake in Equinix by 3.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 862 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 30 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Equinix during the 3rd quarter worth $247,000. Janney Montgomery Scott LLC acquired a new position in Equinix during the 3rd quarter worth $8,980,000. Finally, Van ECK Associates Corp lifted its holdings in Equinix by 9.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after buying an additional 1,716 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.1 %

EQIX opened at $910.04 on Wednesday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s fifty day moving average is $926.82 and its two-hundred day moving average is $906.82. The firm has a market cap of $88.58 billion, a PE ratio of 106.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72.

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

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.06%. Equinix’s dividend payout ratio is presently 219.42%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research reports. Oppenheimer boosted their target price on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Scotiabank upped their price target on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, Barclays upped their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $995.24.

Insider Activity

In other news, insider Kurt Pletcher sold 341 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. The trade was a 19.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the transaction, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. This trade represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 over the last quarter. Insiders own 0.27% of the company’s stock.

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.