Gold Investment Management Ltd. Has $209,000 Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Gold Investment Management Ltd. lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222 shares of the financial services provider’s stock after selling 12 shares during the quarter. Gold Investment Management Ltd.’s holdings in Equinix were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. GLOBALT Investments LLC GA bought a new position in shares of Equinix during the fourth quarter valued at $4,963,000. Corient Private Wealth LLC raised its position in Equinix by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 7,402 shares of the financial services provider’s stock worth $6,981,000 after purchasing an additional 254 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Equinix by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 49,170 shares of the financial services provider’s stock worth $46,362,000 after buying an additional 1,202 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Equinix during the 4th quarter worth about $2,742,000. Finally, First National Trust Co grew its position in shares of Equinix by 3.8% in the 4th quarter. First National Trust Co now owns 7,539 shares of the financial services provider’s stock valued at $7,108,000 after buying an additional 276 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. The trade was a 19.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the transaction, the chief executive officer now owns 4,329 shares of the company’s stock, valued at approximately $3,937,268.79. The trade was a 24.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,054 shares of company stock valued at $17,466,950. Insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $837.68 on Monday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $81.53 billion, a PE ratio of 97.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The stock’s fifty day simple moving average is $912.40 and its two-hundred day simple moving average is $908.72.

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

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is 219.42%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EQIX. Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Royal Bank of Canada boosted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. BMO Capital Markets dropped their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Scotiabank increased 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, March 3rd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus price target of $989.35.

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.