Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,308,345 shares of the financial services provider's stock after selling 365 shares during the quarter. Dimensional Fund Advisors LP owned 1.36% of Equinix worth $1,233,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ecofi Investissements SA raised its position in shares of Equinix by 50.0% in the 4th quarter. Ecofi Investissements SA now owns 150 shares of the financial services provider's stock valued at $131,000 after acquiring an additional 50 shares during the period. GeoWealth Management LLC grew its stake in shares of Equinix by 18.5% in the fourth quarter. GeoWealth Management LLC now owns 5,223 shares of the financial services provider's stock valued at $4,925,000 after buying an additional 817 shares in the last quarter. Capital International Ltd. CA lifted its stake in Equinix by 0.8% in the fourth quarter. Capital International Ltd. CA now owns 1,737 shares of the financial services provider's stock valued at $1,638,000 after acquiring an additional 14 shares during the last quarter. Commerce Bank raised its stake in Equinix by 0.8% in the fourth quarter. Commerce Bank now owns 3,734 shares of the financial services provider's stock valued at $3,521,000 after buying an additional 28 shares during the period. Finally, Capital Group Investment Management PTE. LTD. raised its position in shares of Equinix by 3.3% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 1,397 shares of the financial services provider's stock valued at $1,317,000 after purchasing an additional 45 shares during the period. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 3,562 shares of Equinix stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the completion of the sale, the chairman now directly owns 15,513 shares of the company's stock, valued at approximately $14,412,197.52. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on 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 sale, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,040 shares of company stock worth $6,547,068. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Up 1.5 %

Shares of NASDAQ EQIX traded up $12.14 during midday trading on Thursday, reaching $821.60. 146,275 shares of the company's stock traded hands, compared to its average volume of 638,273. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock's 50 day simple moving average is $839.40 and its 200-day simple moving average is $895.62. The company has a market cap of $80.37 billion, a price-to-earnings ratio of 96.09, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

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%. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $4.69 dividend. This is a positive change 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 2.28%. Equinix's dividend payout ratio (DPR) is 219.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price for the company in a research report on Thursday, March 27th. BMO Capital Markets lowered their price objective 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. Mizuho dropped their price target on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Oppenheimer lifted their target price on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $1,004.94.

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.