Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Rathbones Group PLC

Rathbones Group PLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,713 shares of the financial services provider’s stock after selling 27 shares during the quarter. Equinix accounts for 0.9% of Rathbones Group PLC’s portfolio, making the stock its 27th biggest holding. Rathbones Group PLC owned 0.20% of Equinix worth $186,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Employees Retirement System of Texas increased its holdings in shares of Equinix by 55.4% in the 4th quarter. Employees Retirement System of Texas now owns 77,370 shares of the financial services provider’s stock valued at $72,951,000 after purchasing an additional 27,570 shares in the last quarter. Bank of Montreal Can boosted its position in Equinix by 12.5% during the fourth quarter. Bank of Montreal Can now owns 132,228 shares of the financial services provider’s stock worth $124,677,000 after purchasing an additional 14,654 shares in the last quarter. Cerity Partners LLC grew its holdings in Equinix by 21.3% in the fourth quarter. Cerity Partners LLC now owns 11,800 shares of the financial services provider’s stock valued at $10,861,000 after purchasing an additional 2,072 shares during the last quarter. FMR LLC raised its stake in shares of Equinix by 3.7% during the 4th quarter. FMR LLC now owns 2,264,958 shares of the financial services provider’s stock worth $2,135,606,000 after buying an additional 81,144 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Equinix by 13.7% in the 4th quarter. Federated Hermes Inc. now owns 13,268 shares of the financial services provider’s stock valued at $12,510,000 after acquiring an additional 1,599 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 4.4 %

NASDAQ:EQIX opened at $766.21 on Monday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The business’s 50-day simple moving average is $883.46 and its 200 day simple moving average is $906.83. 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 stock has a market cap of $74.58 billion, a price-to-earnings ratio of 89.62, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal 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 paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.45%. This is a boost from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is presently 219.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EQIX shares. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target on the stock in a report on Thursday, March 27th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cfra Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Finally, Scotiabank raised their price target on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,007.59.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction that occurred 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 owns 22,076 shares in the company, valued at $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is currently owned by corporate insiders.

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.