Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,144 shares of the financial services provider's stock after selling 350 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Equinix were worth $7,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in Equinix by 128.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the financial services provider's stock worth $500,000 after acquiring an additional 299 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Equinix by 6.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,160 shares of the financial services provider's stock valued at $2,037,000 after buying an additional 135 shares in the last quarter. Prosperity Financial Group Inc. raised its stake in shares of Equinix by 9.7% during the 4th quarter. Prosperity Financial Group Inc. now owns 284 shares of the financial services provider's stock worth $268,000 after buying an additional 25 shares during the period. Natural Investments LLC acquired a new position in Equinix during the fourth quarter worth $381,000. Finally, AGF Management Ltd. increased its stake in shares of Equinix by 43.6% during the fourth quarter. AGF Management Ltd. now owns 30,950 shares of the financial services provider's stock worth $29,182,000 after purchasing an additional 9,396 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Equinix

In other news, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares of the company's stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction on 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 owns 22,076 shares of the company's stock, valued at $20,085,186.32. The trade was 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 valued at $17,466,950 in the last three months. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 2.3 %

NASDAQ:EQIX traded up $19.57 during mid-day trading on Monday, hitting $857.25. The stock had a trading volume of 902,503 shares, compared to its average volume of 528,993. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a 50-day simple moving average of $912.40 and a two-hundred day simple moving average of $908.72. 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 company has a market capitalization of $83.44 billion, a PE ratio of 100.26, a PEG ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results 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 return on equity of 6.31% and a net margin of 9.32%. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is currently 219.42%.

Analyst Ratings Changes

A number of brokerages have commented on EQIX. JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $989.35.

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.