Insider Selling: Equinix, Inc. (NASDAQ:EQIX) Director Sells 125 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Equinix Stock Performance

Shares of Equinix stock traded down $16.87 on Friday, hitting $923.38. 277,123 shares of the company's stock were exchanged, compared to its average volume of 493,863. 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 stock has a market capitalization of $89.87 billion, a PE ratio of 108.00, a PEG ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a 50-day simple moving average of $932.17 and a 200-day simple moving average of $899.99.

Equinix (NASDAQ:EQIX - Get Free Report) last released its 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 net margin of 9.32% and a return on equity of 6.31%. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $4.69 per share. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.03%. Equinix's payout ratio is 199.30%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent research reports. BMO Capital Markets lowered their price target 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. Royal Bank of Canada increased their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Truist Financial boosted their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, November 29th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Finally, TD Cowen upped their price target on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $994.82.

Institutional Investors Weigh In On Equinix

A number of institutional investors have recently bought and sold shares of EQIX. Pinney & Scofield Inc. purchased a new position in shares of Equinix in the fourth quarter worth $28,000. Kestra Investment Management LLC bought a new stake in shares of Equinix in the fourth quarter worth about $31,000. GHP Investment Advisors Inc. lifted its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after buying an additional 13 shares during the last quarter. Finally, Pacific Center for Financial Services grew its holdings in Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 94.94% 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.