Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 958,961 shares of the financial services provider’s stock after selling 15,442 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Equinix were worth $772,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EQIX. Principal Financial Group Inc. lifted its stake in shares of Equinix by 44.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after purchasing an additional 431,435 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Equinix by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 431,603 shares of the financial services provider’s stock worth $313,461,000 after buying an additional 92,575 shares during the period. Nordea Investment Management AB increased its position in shares of Equinix by 277.7% during the third quarter. Nordea Investment Management AB now owns 123,366 shares of the financial services provider’s stock valued at $90,493,000 after acquiring an additional 90,705 shares during the last quarter. PGGM Investments raised its stake in shares of Equinix by 54.0% in the 3rd quarter. PGGM Investments now owns 254,552 shares of the financial services provider’s stock valued at $184,871,000 after acquiring an additional 89,274 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter worth approximately $48,940,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the sale, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the sale, the executive vice president now directly owns 1,242 shares in the company, valued at approximately $1,034,548.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock valued at $3,818,268 over the last quarter. 0.27% of the stock is currently owned by insiders.

Equinix Stock Up 2.6 %

Equinix stock traded up $18.14 during mid-day trading on Tuesday, hitting $711.87. The company had a trading volume of 629,249 shares, compared to its average volume of 596,912. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 69.05, a PEG ratio of 1.81 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1 year low of $672.88 and a 1 year high of $914.93. The business has a fifty day moving average of $800.46 and a 200 day moving average of $802.10.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.39%. Equinix’s dividend payout ratio (DPR) is 165.28%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Oppenheimer lifted their target price on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. BMO Capital Markets increased their price target on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Barclays dropped their price objective on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Morgan Stanley reduced their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $870.44.

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.