Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 90.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 450 shares of the financial services provider's stock after selling 4,363 shares during the quarter. Assetmark Inc.'s holdings in Equinix were worth $424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQIX. J.Safra Asset Management Corp purchased a new position in shares of Equinix in the 4th quarter valued at $39,000. Laffer Tengler Investments Inc. boosted its position in shares of Equinix by 9.6% in the fourth quarter. Laffer Tengler Investments Inc. now owns 2,955 shares of the financial services provider's stock worth $2,786,000 after buying an additional 259 shares during the period. Keybank National Association OH lifted its position in Equinix by 7.4% during the 4th quarter. Keybank National Association OH now owns 3,414 shares of the financial services provider's stock worth $3,219,000 after acquiring an additional 235 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Equinix by 6.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,561 shares of the financial services provider's stock worth $1,472,000 after acquiring an additional 93 shares during the period. Finally, Nicola Wealth Management LTD. grew its position in Equinix by 7.9% in the fourth quarter. Nicola Wealth Management LTD. now owns 3,561 shares of the financial services provider's stock valued at $3,358,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Scotiabank upped their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a research report on Monday, March 3rd. Oppenheimer raised their target price on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price target on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $989.35.

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Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 684 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares of the company's stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $17,466,950 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Up 2.2 %

Shares of NASDAQ EQIX opened at $854.99 on Thursday. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a market cap of $83.22 billion, a price-to-earnings ratio of 100.00, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. 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 stock's 50 day simple moving average is $917.05 and its 200 day simple moving average is $907.82.

Equinix (NASDAQ:EQIX - Get Free Report) last posted 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%. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is currently 219.42%.

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.

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