Equinix, Inc. (NASDAQ:EQIX) Position Decreased by Aew Capital Management L P

Aew Capital Management L P lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 228,551 shares of the financial services provider’s stock after selling 6,420 shares during the quarter. Equinix makes up about 10.4% of Aew Capital Management L P’s investment portfolio, making the stock its biggest position. Aew Capital Management L P owned 0.24% of Equinix worth $215,498,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 purchasing an additional 813,666 shares during the period. Adelante Capital Management LLC lifted its stake in shares of Equinix by 202.3% during the 3rd 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 during the period. Proficio Capital Partners LLC purchased a new position in shares of Equinix during the 4th quarter worth $246,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 203,656 shares during the period. Finally, abrdn plc lifted its stake in shares of Equinix by 49.2% during the 4th quarter. abrdn plc now owns 464,840 shares of the financial services provider’s stock worth $437,563,000 after purchasing an additional 153,215 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citizens Jmp raised Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company cut their target price on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. BMO Capital Markets cut their target price on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Truist Financial increased their target price on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Buy” and an average price target of $994.82.

Insider Buying and Selling

In other news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares of the company’s stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,741 shares of company stock worth $21,988,532. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.6 %

NASDAQ:EQIX opened at $904.62 on Friday. The company has a market capitalization of $88.05 billion, a price-to-earnings ratio of 105.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock has a 50-day simple moving average of $928.20 and a 200 day simple moving average of $904.71. 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 posted its quarterly 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 predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.07%. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is 219.42%.

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.