Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,646 shares of the financial services provider's stock after selling 26,322 shares during the quarter. Guggenheim Capital LLC's holdings in Equinix were worth $28,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EQIX. Norges Bank purchased a new stake in Equinix in the fourth quarter valued at $1,067,270,000. Wellington Management Group LLP lifted its holdings in shares of Equinix by 28.7% in the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock valued at $1,701,188,000 after purchasing an additional 401,991 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at about $328,899,000. Proficio Capital Partners LLC acquired a new position in Equinix during the fourth quarter worth approximately $246,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after acquiring an additional 203,656 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 1.5 %

NASDAQ EQIX traded up $11.48 during trading hours on Friday, hitting $790.15. 479,695 shares of the company's stock were exchanged, compared to its average volume of 553,711. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $77.29 billion, a P/E ratio of 92.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The business's 50 day moving average is $847.77 and its 200-day moving average is $897.45. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

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

Equinix Increases Dividend

The firm 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 annualized dividend and a dividend yield of 2.37%. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is presently 219.42%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. BMO Capital Markets cut their target price 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. Mizuho dropped their price objective 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. Citizens Jmp raised Equinix to a "strong-buy" rating in a report on Monday, January 27th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $1,005.50.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 215 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the transaction, the insider now directly owns 1,245 shares in the company, valued at $1,157,513.85. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,040 shares of company stock valued at $6,547,068 in the last quarter. Insiders own 0.27% of the company's stock.

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.