Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor Sells 3,184 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 3,184 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Equinix Trading Down 0.5 %

NASDAQ:EQIX opened at $915.59 on Friday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $88.35 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. The firm has a fifty day simple moving average of $941.75 and a two-hundred day simple moving average of $874.79.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. Equinix’s dividend payout ratio is presently 153.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Equinix by 81.9% during the second quarter. Renaissance Technologies LLC now owns 30,870 shares of the financial services provider’s stock valued at $23,356,000 after buying an additional 13,900 shares during the last quarter. Wealth Alliance increased its stake in Equinix by 3.3% in the 2nd quarter. Wealth Alliance now owns 944 shares of the financial services provider’s stock valued at $714,000 after buying an additional 30 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in shares of Equinix during the 2nd quarter worth approximately $265,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Equinix by 6.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,718 shares of the financial services provider’s stock valued at $5,058,000 after acquiring an additional 388 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Equinix by 1.6% during the second quarter. Blair William & Co. IL now owns 26,459 shares of the financial services provider’s stock worth $20,019,000 after acquiring an additional 419 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQIX has been the subject of several research analyst reports. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank lifted their price target on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. TD Cowen lifted their target price 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. Royal Bank of Canada upped their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI raised their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $976.81.

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.