Quaero Capital S.A. Sells 310 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quaero Capital S.A. lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,875 shares of the financial services provider's stock after selling 310 shares during the period. Equinix makes up about 2.3% of Quaero Capital S.A.'s investment portfolio, making the stock its 11th largest position. Quaero Capital S.A.'s holdings in Equinix were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. raised its stake in shares of Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC raised its stake in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares during the period. Dunhill Financial LLC grew its position in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares in the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Equinix during the fourth quarter worth approximately $47,000. Finally, Friedenthal Financial acquired a new stake in shares of Equinix during the fourth quarter worth approximately $58,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQIX shares. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. TD Cowen raised their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $994.82.

Equinix Stock Performance

Shares of EQIX traded up $7.18 during midday trading on Wednesday, hitting $939.08. 529,114 shares of the stock traded hands, compared to its average volume of 507,929. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The firm has a market capitalization of $91.40 billion, a PE ratio of 109.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.72. 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 business's 50 day moving average price is $933.56 and its two-hundred day moving average price is $899.43.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share 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%. Equities research analysts predict that Equinix, Inc. will post 33.71 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.00%. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix's dividend payout ratio is presently 199.30%.

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 222 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the transaction, the insider now owns 1,015 shares in the company, valued at $976,633. This represents a 17.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. This represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,826 shares of company stock valued at $15,555,490. 0.27% of the stock is owned by insiders.

Equinix Company 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.