Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 58.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 747 shares of the financial services provider’s stock after selling 1,062 shares during the period. Kestra Private Wealth Services LLC’s holdings in Equinix were worth $704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQIX. GHP Investment Advisors Inc. grew its holdings in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the period. Thompson Investment Management Inc. bought a new stake in shares of Equinix during the fourth quarter valued at about $47,000. Finally, Friedenthal Financial acquired a new stake in Equinix in the fourth quarter worth about $58,000. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares of the company’s stock, valued at $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. This represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,801 shares of company stock valued at $15,530,564 in the last three months. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQIX. BMO Capital Markets dropped their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank cut their target price on Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating for the company in a research report on Thursday. Oppenheimer lifted their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus boosted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $994.82.

Equinix Price Performance

NASDAQ EQIX opened at $933.60 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $90.08 billion, a price-to-earnings ratio of 84.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a 50 day simple moving average of $935.90 and a 200-day simple moving average of $894.96. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Equities research analysts predict that Equinix, Inc. will post 31.09 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.01%. This is an increase from Equinix’s previous quarterly dividend of $4.26. Equinix’s payout ratio is 153.65%.

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.