Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Axa S.A.

AXA S.A. decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,091 shares of the financial services provider's stock after selling 8,042 shares during the quarter. Equinix makes up about 0.6% of AXA S.A.'s investment portfolio, making the stock its 28th biggest holding. AXA S.A. owned 0.22% of Equinix worth $201,864,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC grew its stake in shares of Equinix by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Equinix by 3.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 11 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after acquiring an additional 12 shares during the period. Great Lakes Retirement Inc. increased its stake in shares of Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after purchasing an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in shares of Equinix by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 12 shares during the period. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EQIX shares. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, May 1st. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Finally, Scotiabank lowered their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Two equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $1,005.11.

Insider Buying and Selling at Equinix

In related news, insider Kurt Pletcher sold 215 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the completion of the sale, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 2,454 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at $22,677,754.68. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,040 shares of company stock worth $6,547,068. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

NASDAQ:EQIX traded down $1.09 on Thursday, hitting $871.39. The stock had a trading volume of 147,977 shares, compared to its average volume of 538,812. 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 stock has a market cap of $85.24 billion, a price-to-earnings ratio of 101.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The business's 50-day simple moving average is $826.93 and its two-hundred day simple moving average is $894.32.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results 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. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same period in the prior year, the company earned $8.86 EPS. The business's revenue was up 4.1% compared to the same quarter last year. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.15%. Equinix's dividend payout ratio (DPR) is currently 195.01%.

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.