Foresight Group Ltd Liability Partnership Sells 6,544 Shares of Equinix, Inc. (NASDAQ:EQIX)

Foresight Group Ltd Liability Partnership lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,036 shares of the financial services provider's stock after selling 6,544 shares during the period. Equinix accounts for approximately 11.8% of Foresight Group Ltd Liability Partnership's portfolio, making the stock its 4th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Equinix were worth $19,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Renaissance Technologies LLC raised its holdings in Equinix by 81.9% in the 2nd quarter. Renaissance Technologies LLC now owns 30,870 shares of the financial services provider's stock valued at $23,356,000 after acquiring an additional 13,900 shares during the last quarter. Wealth Alliance lifted its position in Equinix by 3.3% during the second quarter. Wealth Alliance now owns 944 shares of the financial services provider's stock worth $714,000 after buying an additional 30 shares during the period. E Fund Management Co. Ltd. purchased a new position in Equinix during the second quarter worth about $265,000. Vanguard Personalized Indexing Management LLC grew its holdings in Equinix by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,718 shares of the financial services provider's stock valued at $5,058,000 after buying an additional 388 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Equinix by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 26,459 shares of the financial services provider's stock valued at $20,019,000 after acquiring an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the transaction, the insider now owns 6,505 shares of the company's stock, valued at approximately $5,886,959.95. This trade represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares of the company's stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,412 shares of company stock worth $18,826,100 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Down 0.5 %

Equinix stock traded down $4.30 during midday trading on Friday, hitting $915.59. 623,359 shares of the stock were exchanged, compared to its average volume of 411,459. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $88.35 billion, a P/E ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. The company has a 50 day moving average price of $941.75 and a two-hundred day moving average price of $874.79.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, November 13th. Equinix's dividend payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Scotiabank increased their target price on Equinix from $954.00 to $985.00 and gave the stock a "sector outperform" rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, November 29th. Finally, Barclays raised their price objective on 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, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $976.81.

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.