Centiva Capital LP Sells 953 Shares of Equinix, Inc. (NASDAQ:EQIX)

Centiva Capital LP trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 43.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,249 shares of the financial services provider’s stock after selling 953 shares during the quarter. Centiva Capital LP’s holdings in Equinix were worth $1,109,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BDF Gestion bought a new stake in Equinix during the 2nd quarter valued at approximately $2,659,000. Van ECK Associates Corp lifted its holdings in shares of Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after purchasing an additional 1,716 shares during the last quarter. E. Ohman J or Asset Management AB lifted 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 purchasing an additional 1,103 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in shares of Equinix by 25.9% during the second 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, Raymond James & Associates lifted its holdings in shares of Equinix by 3.0% during the second quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock valued at $130,819,000 after purchasing an additional 5,056 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

EQIX has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group lifted their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $962.56.

Equinix Price Performance

Shares of EQIX opened at $965.64 on Thursday. The firm has a market cap of $93.17 billion, a PE ratio of 87.07, a P/E/G ratio of 2.48 and a beta of 0.72. 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 firm has a fifty day simple moving average of $907.28 and a two-hundred day simple moving average of $836.57. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.76%. Equinix’s dividend payout ratio is presently 153.65%.

Insider Buying and Selling at Equinix

In other news, insider Michael Earl Campbell sold 600 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $816.73, for a total transaction of $490,038.00. Following the completion of the sale, the insider now owns 14,800 shares of the company’s stock, valued at $12,087,604. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,969 shares of company stock worth $10,033,525. Insiders own 0.27% of the company’s stock.

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.