Captrust Financial Advisors Has $10.90 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Captrust Financial Advisors decreased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,563 shares of the financial services provider's stock after selling 1,455 shares during the period. Captrust Financial Advisors' holdings in Equinix were worth $10,903,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Equinix during the 4th quarter valued at $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix during the 4th quarter valued at $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix in the 4th quarter worth $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter worth $47,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Equinix in the 4th quarter worth $52,000. Institutional investors own 94.94% of the company's stock.

Equinix Price Performance

NASDAQ EQIX traded up $4.66 during trading hours on Monday, reaching $869.05. 175,705 shares of the company's stock were exchanged, compared to its average volume of 527,154. The stock has a market cap of $85.01 billion, a PE ratio of 101.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a fifty day moving average of $825.01 and a 200-day moving average of $894.10. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is 195.01%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Mizuho decreased their target price on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday, May 1st. TD Securities boosted their price target on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,004.89.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the transaction, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is currently owned by corporate insiders.

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.