Ossiam Sells 587 Shares of Equinix, Inc. (NASDAQ:EQIX)

Ossiam reduced its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,996 shares of the financial services provider's stock after selling 587 shares during the period. Ossiam's holdings in Equinix were worth $2,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its position in shares of Equinix by 61.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after acquiring an additional 3,212 shares during the period. Bank of New York Mellon Corp increased its stake in Equinix by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after purchasing an additional 2,560 shares in the last quarter. National Pension Service raised its holdings in Equinix by 1.3% in the fourth quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after purchasing an additional 3,164 shares during the period. Empowered Funds LLC boosted its position in shares of Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after purchasing an additional 404 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Equinix by 46.1% in the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider's stock valued at $278,712,000 after buying an additional 92,975 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, Chairman Charles J. Meyers sold 3,562 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the completion of the transaction, the chairman now owns 15,513 shares of the company's stock, valued at $14,412,197.52. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQIX. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Mizuho dropped their target price on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Barclays raised their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, January 27th. Finally, Truist Financial decreased their target price on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $1,004.94.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $7.73 during mid-day trading on Thursday, reaching $817.19. 490,910 shares of the company were exchanged, compared to its average volume of 552,379. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a market capitalization of $79.94 billion, a P/E ratio of 95.58, a P/E/G ratio of 1.78 and a beta of 0.95. The company's 50-day simple moving average is $839.40 and its 200-day simple moving average is $895.62. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (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, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.30%. Equinix's dividend payout ratio (DPR) is presently 219.42%.

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.