Equinix, Inc. (NASDAQ:EQIX) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,185 shares of the financial services provider's stock after selling 17,817 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Equinix worth $60,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Equinix in the 2nd quarter worth approximately $36,000. Oppenheimer & Co. Inc. purchased a new position in Equinix in the second quarter worth $3,743,000. PFG Advisors increased its position in shares of Equinix by 6.9% during the second quarter. PFG Advisors now owns 1,458 shares of the financial services provider's stock worth $1,103,000 after purchasing an additional 94 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Equinix by 38.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,920 shares of the financial services provider's stock valued at $1,453,000 after purchasing an additional 529 shares during the last quarter. Finally, Blue Square Asset Management LLC boosted its position in shares of Equinix by 4.5% in the 2nd quarter. Blue Square Asset Management LLC now owns 2,157 shares of the financial services provider's stock worth $1,632,000 after purchasing an additional 92 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EQIX shares. Truist Financial upped their target price on Equinix from $915.00 to $935.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Royal Bank of Canada lowered their target price on shares of Equinix from $950.00 to $922.00 and set an "outperform" rating for the company in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. The Goldman Sachs Group began coverage on shares of Equinix in a research note on Monday, July 1st. They set a "buy" rating and a $870.00 price objective for the company. Finally, Mizuho upped their target price on Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Equinix has an average rating of "Moderate Buy" and a consensus price target of $883.71.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares of the company's stock, valued at approximately $6,328,089.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Equinix news, EVP Jonathan Lin sold 93 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now owns 7,141 shares of the company's stock, valued at $5,862,689.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares in the company, valued at approximately $6,328,089.60. The disclosure for this sale can be found here. Insiders sold a total of 10,043 shares of company stock worth $8,282,119 in the last three months. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

Shares of EQIX traded up $2.73 during trading hours on Friday, hitting $871.54. The stock had a trading volume of 282,044 shares, compared to its average volume of 547,132. The firm has a 50-day moving average price of $811.47 and a 200 day moving average price of $794.10. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93. The firm has a market capitalization of $82.74 billion, a price-to-earnings ratio of 87.42, a PEG ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by ($4.72). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.04 earnings per share. As a group, research analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, August 21st. Equinix's dividend payout ratio (DPR) is currently 170.91%.

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.