Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 628,110 shares of the financial services provider's stock after selling 11,947 shares during the period. Ameriprise Financial Inc. owned 0.65% of Equinix worth $592,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in Equinix during the 4th quarter worth approximately $1,067,270,000. Northern Trust Corp raised its stake in shares of Equinix by 65.3% during the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after purchasing an additional 586,034 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Equinix by 28.7% during the fourth quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock worth $1,701,188,000 after purchasing an additional 401,991 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Equinix during the fourth quarter worth $328,899,000. Finally, Proficio Capital Partners LLC acquired a new position in Equinix in the 4th quarter valued at $246,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Up 0.4 %

NASDAQ:EQIX traded up $3.40 during mid-day trading on Friday, reaching $864.39. The company's stock had a trading volume of 225,988 shares, compared to its average volume of 528,530. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company's fifty day simple moving average is $825.01 and its two-hundred day simple moving average is $894.11. The stock has a market cap of $84.55 billion, a P/E ratio of 101.10, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $8.86 EPS. On average, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed 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. This represents a $18.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at $1,157,513.85. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,167 shares of company stock worth $6,658,536. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQIX. Wolfe Research raised shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price on the stock in a report on Thursday, March 27th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price target on Equinix from $1,030.00 to $1,050.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. New Street Research upgraded Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company decreased their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $1,005.11.

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.