Insider Selling: Equinix, Inc. (NASDAQ:EQIX) CFO Sells 3,184 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now directly owns 22,076 shares in the company, valued at approximately $20,085,186.32. This represents a 12.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Equinix Stock Down 0.5 %

NASDAQ:EQIX traded down $4.30 on Friday, hitting $915.59. The stock had a trading volume of 566,147 shares, compared to its average volume of 492,928. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The firm's fifty day simple moving average is $941.75 and its two-hundred day simple moving average is $874.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $88.35 billion, a P/E ratio of 82.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73.

Equinix Announces Dividend

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 dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. Equinix's dividend payout ratio (DPR) is currently 153.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Trust Co. N.A. increased its position in shares of Equinix by 0.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 11 shares during the last quarter. GS Investments Inc. increased its holdings in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock worth $2,087,000 after buying an additional 12 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Equinix by 1.8% during the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after buying an additional 12 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock worth $35,000 after acquiring an additional 13 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Cfra reiterated a "hold" rating on shares of Equinix in a report on Tuesday, September 24th. BMO Capital Markets boosted their price objective on Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their target price on Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of "Moderate Buy" and an average price target of $976.81.

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.

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