Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,374 shares of the financial services provider's stock after selling 4,514 shares during the quarter. Equinix comprises approximately 0.9% of Curi RMB Capital LLC's investment portfolio, making the stock its 26th largest position. Curi RMB Capital LLC's holdings in Equinix were worth $37,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. lifted its stake in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 11 shares in the last quarter. Rothschild Investment LLC lifted its position in Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after buying an additional 11 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after buying an additional 12 shares in the last quarter. Finally, Great Lakes Retirement Inc. increased its stake in shares of Equinix by 1.2% in the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EQIX shares. Scotiabank dropped their price objective on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday. BMO Capital Markets dropped their target price on 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. Oppenheimer lifted their target price on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. JMP Securities restated a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. Finally, Cfra Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Equinix currently has an average rating of "Buy" and a consensus target price of $1,004.94.

Equinix Stock Performance

Shares of Equinix stock traded up $18.20 during trading hours on Wednesday, hitting $809.32. 621,114 shares of the company were exchanged, compared to its average volume of 553,063. 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 business has a 50-day moving average of $841.89 and a 200-day moving average of $896.22. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of 94.66, a P/E/G ratio of 1.78 and a beta of 0.95.

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 the consensus estimate 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 expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given 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 was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.32%. Equinix's payout ratio is presently 219.42%.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares in the company, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kurt Pletcher sold 215 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the sale, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,040 shares of company stock valued at $6,547,068 in the last three months. 0.27% of the stock is currently owned by company insiders.

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.