Equinix, Inc. (NASDAQ:EQIX) Stake Reduced by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 33.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,143 shares of the financial services provider's stock after selling 3,049 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Equinix were worth $5,791,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in Equinix in the fourth quarter valued at about $31,000. J.Safra Asset Management Corp purchased a new position in Equinix in the fourth quarter worth $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter worth $42,000. Dunhill Financial LLC increased its holdings in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at about $47,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Down 3.6 %

NASDAQ EQIX traded down $30.11 during trading hours on Thursday, hitting $801.44. The company had a trading volume of 1,222,599 shares, compared to its average volume of 549,712. The firm's 50 day moving average is $889.74 and its 200 day moving average is $907.72. The company has a market capitalization of $78.01 billion, a price-to-earnings ratio of 93.74, a P/E/G ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

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Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share 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 anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $4.69 dividend. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.34%. Equinix's payout ratio is 219.42%.

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the sale, the insider now directly owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 of the company's stock, valued at approximately $1,292,319.60. The trade was a 19.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,054 shares of company stock valued at $17,466,950. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on EQIX. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. BMO Capital Markets cut their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Oppenheimer raised their price target on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,007.59.

Equinix Company 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.