ESG Planning DBA Harper Investing Lowers Holdings in Equinix, Inc. (NASDAQ:EQIX)

ESG Planning DBA Harper Investing lowered its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,256 shares of the financial services provider's stock after selling 510 shares during the period. ESG Planning DBA Harper Investing's holdings in Equinix were worth $1,184,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EQIX. Norges Bank bought a new stake in Equinix in the fourth quarter worth $1,067,270,000. Raymond James Financial Inc. bought a new position in Equinix in the 4th quarter worth about $328,899,000. Adelante Capital Management LLC grew its position in Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock valued at $456,441,000 after purchasing an additional 344,114 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Equinix during the 4th quarter valued at about $246,000. Finally, JPMorgan Chase & Co. raised its holdings in Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after buying an additional 203,656 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Equinix 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 sale, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 5,788 shares of the business'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 sale, the chairman now directly owns 15,233 shares of the company's stock, valued at $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock valued at $17,466,950 in the last ninety days. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQIX. Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Mizuho lowered their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Truist Financial decreased their target price on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Barclays raised their price target on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. 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, Equinix currently has an average rating of "Buy" and a consensus target price of $1,007.59.

Equinix Price Performance

NASDAQ EQIX traded up $11.87 on Wednesday, reaching $828.82. The company had a trading volume of 136,108 shares, compared to its average volume of 545,893. 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 stock has a market capitalization of $80.67 billion, a PE ratio of 96.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The firm's 50 day moving average price is $891.61 and its 200 day moving average price is $908.26.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results 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%. As a group, equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.26%. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio is presently 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.