Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley Sells 100 Shares

Equinix, Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the transaction, the director now owns 17,569 shares of the company’s stock, valued at $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $877.57 on Tuesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a 50-day moving average of $825.91 and a 200-day moving average of $892.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $85.84 billion, a price-to-earnings ratio of 102.64, a PEG ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company posted $8.86 EPS. Equinix’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.14%. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EQIX shares. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research note on Thursday, May 1st. Bank of America assumed coverage on Equinix in a report on Monday. They set a “buy” rating and a $1,000.00 target price on the stock. Stifel Nicolaus upped their price objective on Equinix from $1,030.00 to $1,050.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Citigroup lifted their price objective on Equinix from $970.00 to $990.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,004.65.

Institutional Investors Weigh In On Equinix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQIX. Oppenheimer & Co. Inc. increased its position in shares of Equinix by 61.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider’s stock worth $7,946,000 after acquiring an additional 3,212 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Equinix by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider’s stock worth $592,191,000 after purchasing an additional 2,560 shares during the last quarter. National Pension Service increased its holdings in Equinix by 1.3% during the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider’s stock worth $229,263,000 after purchasing an additional 3,164 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Equinix by 19.2% during the 4th quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider’s stock valued at $2,361,000 after buying an additional 404 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Equinix by 20.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,489 shares of the financial services provider’s stock worth $93,807,000 after buying an additional 17,084 shares in the last quarter. Hedge funds and other institutional investors own 94.94% 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.