Equinix, Inc. (NASDAQ:EQIX) Holdings Cut by Centersquare Investment Management LLC

Centersquare Investment Management LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 854,186 shares of the financial services provider's stock after selling 64,344 shares during the quarter. Equinix comprises about 8.5% of Centersquare Investment Management LLC's holdings, making the stock its largest position. Centersquare Investment Management LLC owned approximately 0.89% of Equinix worth $805,403,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Wolfe Research raised shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a report on Thursday, March 27th. Finally, JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $1,007.59.

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Insiders Place Their Bets

In related news, Chairman Charles J. Meyers sold 5,788 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares of the company's stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the sale, the insider now owns 1,430 shares of the company's stock, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 over the last ninety days. 0.27% of the stock is owned by company insiders.

Equinix Trading Down 0.8 %

Shares of NASDAQ EQIX traded down $5.62 during trading on Tuesday, hitting $742.12. 465,881 shares of the company traded hands, compared to its average volume of 553,218. The firm has a market capitalization of $72.23 billion, a P/E ratio of 86.65, 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. The company has a 50-day moving average price of $880.41 and a 200-day moving average price of $905.96. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

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

Equinix Increases Dividend

The firm also recently declared 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 represents a $18.76 dividend on an annualized basis and a yield of 2.53%. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix's payout ratio is 219.42%.

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.