Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Centiva Capital LP

Centiva Capital LP reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 541 shares of the financial services provider's stock after selling 708 shares during the period. Centiva Capital LP's holdings in Equinix were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Equinix by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after purchasing an additional 203,656 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Equinix during the 4th quarter worth approximately $219,000. Diversified Trust Co increased its position in Equinix by 3.3% during the fourth quarter. Diversified Trust Co now owns 667 shares of the financial services provider's stock worth $629,000 after buying an additional 21 shares during the period. Fulton Bank N.A. lifted its stake in Equinix by 134.5% in the fourth quarter. Fulton Bank N.A. now owns 605 shares of the financial services provider's stock valued at $570,000 after buying an additional 347 shares during the last quarter. Finally, CCM Investment Advisers LLC boosted its holdings in shares of Equinix by 5.4% in the fourth quarter. CCM Investment Advisers LLC now owns 11,513 shares of the financial services provider's stock valued at $10,856,000 after acquiring an additional 592 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Price Performance

Shares of EQIX traded down $1.68 during mid-day trading on Tuesday, reaching $868.79. 774,717 shares of the company's stock were exchanged, compared to its average volume of 528,936. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a market cap of $84.98 billion, a price-to-earnings ratio of 101.61, a PEG ratio of 1.78 and a beta of 0.97. The company has a 50-day simple moving average of $824.00 and a two-hundred day simple moving average of $893.79.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 6.31% and a net margin of 9.32%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.86 earnings per share. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm 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. This represents a $18.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is 195.01%.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now owns 17,669 shares in the company, valued at $16,117,838.49. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the sale, the insider now owns 1,842 shares of the company's stock, valued at approximately $1,616,723.40. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock valued at $6,658,536 over the last quarter. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EQIX shares. Oppenheimer upped their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Citigroup increased their target price on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Truist Financial dropped their price target on Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research report on Monday. Finally, BNP Paribas raised Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,004.89.

About Equinix

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.