Walleye Capital LLC Reduces Stake in Equinix, Inc. (NASDAQ:EQIX)

Walleye Capital LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 742 shares of the financial services provider's stock after selling 1,681 shares during the quarter. Walleye Capital LLC's holdings in Equinix were worth $700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kestra Investment Management LLC bought a new position in Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the 4th quarter valued at about $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the 4th quarter valued at about $42,000. Thompson Investment Management Inc. bought a new stake in Equinix in the 4th quarter valued at about $47,000. Finally, Key Financial Inc boosted its holdings in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock worth $57,000 after acquiring an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a report on Monday, January 27th. Citigroup decreased their target price on shares of Equinix from $1,020.00 to $970.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Wells Fargo & Company cut their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 13th. 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 stock. According to data from MarketBeat, Equinix currently has a consensus rating of "Buy" and a consensus price target of $1,004.94.

Insider Activity at Equinix

In other 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 sale, the chairman now owns 15,513 shares of the company's stock, valued at approximately $14,412,197.52. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total value of $2,280,600.36. Following the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. This trade represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,040 shares of company stock valued at $6,547,068. Corporate insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of Equinix stock traded up $20.91 on Friday, reaching $838.10. The stock had a trading volume of 605,304 shares, compared to its average volume of 551,699. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The business's 50 day moving average is $837.08 and its two-hundred day moving average is $895.26. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The company has a market cap of $81.98 billion, a P/E ratio of 98.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $4.69 dividend. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio 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.