Hancock Whitney Corp Lowers Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Hancock Whitney Corp lessened its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,939 shares of the financial services provider’s stock after selling 95 shares during the quarter. Hancock Whitney Corp’s holdings in Equinix were worth $2,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in shares of Equinix by 26.3% during the 4th quarter. Voya Investment Management LLC now owns 175,180 shares of the financial services provider’s stock worth $165,175,000 after acquiring an additional 36,491 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Equinix by 8.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 468 shares of the financial services provider’s stock worth $441,000 after buying an additional 35 shares during the period. Burling Wealth Partners LLC bought a new position in shares of Equinix during the fourth quarter valued at about $1,725,000. Adage Capital Partners GP L.L.C. lifted its holdings in Equinix by 5.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 167,168 shares of the financial services provider’s stock worth $157,621,000 after buying an additional 8,700 shares during the period. Finally, Tenere Capital LLC bought a new stake in Equinix in the fourth quarter valued at $16,878,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQIX. Oppenheimer upped their price target on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Scotiabank cut their target price on Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Mizuho reduced their price target on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $1,004.94.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares of the company’s stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 215 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the sale, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock worth $6,547,068 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 1.0 %

Shares of NASDAQ EQIX opened at $817.19 on Friday. The stock has a market capitalization of $79.94 billion, a PE ratio of 95.58, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average of $837.08 and a 200-day moving average of $895.26.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is 219.42%.

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.