Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Thematics Asset Management

Thematics Asset Management cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,908 shares of the financial services provider's stock after selling 4,043 shares during the quarter. Equinix makes up approximately 1.5% of Thematics Asset Management's holdings, making the stock its 18th biggest position. Thematics Asset Management's holdings in Equinix were worth $33,857,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Equinix during the 4th quarter valued at $31,000. J.Safra Asset Management Corp purchased a new position in shares of Equinix in the fourth quarter valued at about $39,000. Sierra Ocean LLC bought a new position in shares of Equinix in the fourth quarter worth about $42,000. Thompson Investment Management Inc. purchased a new stake in shares of Equinix during the fourth quarter worth about $47,000. Finally, Key Financial Inc raised its stake in Equinix by 30.4% during the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kurt Pletcher sold 215 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the sale, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,040 shares of company stock worth $6,547,068 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 1.0 %

EQIX stock traded up $7.73 during trading on Thursday, hitting $817.19. 490,910 shares of the company's stock traded hands, compared to its average volume of 552,379. The firm has a market capitalization of $79.94 billion, a P/E ratio of 95.58, a PEG ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. 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 business has a fifty day simple moving average of $839.40 and a two-hundred day simple moving average of $895.62.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly 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 return on equity of 6.31% and a net margin of 9.32%. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is presently 219.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. Citigroup cut their price objective on Equinix from $1,020.00 to $970.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Truist Financial dropped their price target on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Mizuho dropped their target price on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Equinix presently has a consensus rating of "Buy" and an average target price of $1,004.94.

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.