Stevens Capital Management LP Trims Holdings in Equinix, Inc. (NASDAQ:EQIX)

Stevens Capital Management LP trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 215 shares of the financial services provider's stock after selling 507 shares during the quarter. Stevens Capital Management LP's holdings in Equinix were worth $203,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in Equinix during the fourth quarter worth about $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix in the 4th quarter worth approximately $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix during the 4th quarter worth approximately $42,000. Dunhill Financial LLC increased its holdings in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EQIX shares. Truist Financial dropped their price target on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Royal Bank of Canada upped their price target on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Barclays upped their target price on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $989.39.

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Insiders Place Their Bets

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the sale, the chief financial officer now directly owns 22,076 shares in the company, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 owns 8,377 shares of the company's stock, 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 sold a total of 19,054 shares of company stock worth $17,466,950 over the last 90 days. Corporate insiders own 0.27% of the company's stock.

Equinix Trading Down 0.8 %

NASDAQ:EQIX traded down $6.68 on Thursday, reaching $824.37. The company's stock had a trading volume of 246,295 shares, compared to its average volume of 514,780. The stock has a 50 day moving average price of $900.10 and a 200 day moving average price of $909.21. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 96.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.

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 for the quarter, beating 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%. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.28%. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio (DPR) is currently 219.42%.

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.