Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242 shares of the financial services provider’s stock after selling 25 shares during the quarter. Centaurus Financial Inc.’s holdings in Equinix were worth $195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. boosted its position in shares of Equinix by 0.3% in the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock worth $3,364,000 after buying an additional 13 shares during the period. Sage Mountain Advisors LLC boosted its position in shares of Equinix by 3.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock worth $304,000 after buying an additional 14 shares during the period. Legacy Advisors LLC boosted its position in shares of Equinix by 1.6% in the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock worth $679,000 after buying an additional 15 shares during the period. Ieq Capital LLC boosted its position in shares of Equinix by 0.5% in the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock worth $2,354,000 after buying an additional 15 shares during the period. Finally, First Affirmative Financial Network boosted its position in shares of Equinix by 2.9% in the fourth quarter. First Affirmative Financial Network now owns 577 shares of the financial services provider’s stock worth $465,000 after buying an additional 16 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 1.5 %

Shares of Equinix stock opened at $773.84 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. The business’s 50 day simple moving average is $755.34 and its 200-day simple moving average is $803.11. The stock has a market capitalization of $73.45 billion, a price-to-earnings ratio of 77.62, a PEG ratio of 2.67 and a beta of 0.68. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s payout ratio is 170.91%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQIX. Oppenheimer upped their target price on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Morgan Stanley reduced their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Truist Financial increased their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Barclays increased their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $960.00 price target on shares of Equinix in a report on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $872.81.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares in the company, valued at $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.