Cardinal Capital Management Inc. Sells 181 Shares of Equinix, Inc. (NASDAQ:EQIX)

Cardinal Capital Management Inc. lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 16,828 shares of the financial services provider’s stock after selling 181 shares during the period. Cardinal Capital Management Inc.’s holdings in Equinix were worth $15,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EQIX. Van ECK Associates Corp increased its position in Equinix by 9.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after buying an additional 1,716 shares in the last quarter. Brookfield Corp ON grew its stake in shares of Equinix by 67.3% during the third quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider’s stock worth $71,685,000 after acquiring an additional 32,481 shares during the last quarter. E. Ohman J or Asset Management AB increased its holdings in shares of Equinix by 3.0% during the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock valued at $33,215,000 after acquiring an additional 1,103 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Equinix by 25.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock valued at $279,516,000 after purchasing an additional 75,888 shares during the last quarter. Finally, Thematics Asset Management boosted its stake in Equinix by 17.7% in the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock worth $35,462,000 after purchasing an additional 6,000 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $925.23 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $89.28 billion, a PE ratio of 83.43, a PEG ratio of 2.22 and a beta of 0.73. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The firm has a fifty day moving average of $942.79 and a 200 day moving average of $880.36.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.84%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. The Goldman Sachs Group raised their target price on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. TD Cowen upped their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 222 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the transaction, the insider now owns 1,015 shares of the company’s stock, valued at approximately $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 863 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the sale, the insider now directly owns 8,231 shares of the company’s stock, valued at $7,531,365. This trade represents a 9.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,412 shares of company stock valued at $18,826,100. 0.27% of the stock is owned by corporate 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.