Aew Capital Management L P Has $215.50 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Aew Capital Management L P reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,551 shares of the financial services provider's stock after selling 6,420 shares during the quarter. Equinix accounts for 10.4% of Aew Capital Management L P's holdings, making the stock its biggest holding. Aew Capital Management L P owned approximately 0.24% of Equinix worth $215,498,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EQIX. Kestra Investment Management LLC acquired a new position in Equinix during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new position in shares of Equinix in the 4th quarter valued at $42,000. Dunhill Financial LLC raised its holdings 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 worth $43,000 after buying an additional 25 shares in the last quarter. Thompson Investment Management Inc. bought a new stake in shares of Equinix during the 4th quarter worth $47,000. Finally, Key Financial Inc boosted its stake in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after buying an additional 14 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BMO Capital Markets lowered their target price on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Oppenheimer upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Finally, Royal Bank of Canada increased their price target on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $995.24.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the transaction, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 1,331 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares of the company's stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,054 shares of company stock valued at $17,466,950 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 1.2 %

EQIX stock traded up $10.98 during midday trading on Wednesday, hitting $921.02. The stock had a trading volume of 486,850 shares, compared to its average volume of 542,860. 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 firm has a market cap of $89.64 billion, a P/E ratio of 107.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. The business has a fifty day moving average price of $926.82 and a two-hundred day moving average price of $906.82. 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 announced its quarterly earnings data 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, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.04%. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is currently 219.42%.

Equinix 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.