Banco Santander S.A. Sells 3,866 Shares of Equinix, Inc. (NASDAQ:EQIX)

Banco Santander S.A. cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 67.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,866 shares of the financial services provider's stock after selling 3,866 shares during the period. Banco Santander S.A.'s holdings in Equinix were worth $1,759,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EQIX. Inspire Trust Co. N.A. lifted its stake in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock valued at $1,509,000 after buying an additional 11 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after acquiring an additional 11 shares during the period. GS Investments Inc. lifted its position in shares of Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock valued at $2,087,000 after acquiring an additional 12 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after purchasing an additional 12 shares during the period. Finally, Great Lakes Retirement Inc. grew its position in Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EQIX. Oppenheimer increased 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. BMO Capital Markets reduced their price objective 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. Wells Fargo & Company lowered their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Scotiabank increased their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Finally, Barclays raised their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $989.35.

Equinix Stock Performance

EQIX traded down $28.89 during trading on Monday, hitting $830.63. The stock had a trading volume of 914,949 shares, compared to its average volume of 569,194. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a 50 day simple moving average of $920.94 and a 200-day simple moving average of $908.13. The firm has a market cap of $80.85 billion, a PE ratio of 97.15, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.31% and a net margin of 9.32%. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.26%. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix's dividend payout ratio is currently 219.42%.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares of the company's stock, valued at $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is owned by company insiders.

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.