B. Metzler seel. Sohn & Co. AG Sells 5,081 Shares of Equinix, Inc. $EQIX

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in Equinix by 52.8% in Q4, selling 5,081 shares and now holds 4,543 shares valued at about $3.48M; institutional investors own roughly 94.94% of the stock.
• Company insiders sold a combined 6,380 shares last quarter (≈$6.18M), including sales by Jonathan Lin and EVP Raouf Abdel, leaving insiders with just 0.27% ownership.
• Equinix missed quarterly estimates (EPS $8.91 vs. $9.07; revenue $2.42B vs. $2.46B), raised its quarterly dividend to $5.16 (annual $20.64, yield ~1.9%), and holds a consensus rating of Moderate Buy with an average target of $1,056.35.

B. Metzler seel. Sohn & Co. AG reduced its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,543 shares of the financial services provider's stock after selling 5,081 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Equinix were worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after acquiring an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC lifted its stake in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after purchasing an additional 546 shares during the period. Schnieders Capital Management LLC. acquired a new stake in Equinix during the 2nd quarter worth $231,000. Finally, Brown Advisory Inc. raised its stake in Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock worth $854,000 after buying an additional 29 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, insider Jonathan Lin sold 635 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the transaction, the insider directly owned 10,788 shares of the company's stock, valued at $10,418,079.48. This trade represents a 5.56% 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, EVP Raouf Abdel sold 584 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.69, for a total transaction of $563,962.96. Following the transaction, the executive vice president owned 7,768 shares of the company's stock, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,380 shares of company stock valued at $6,179,022 in the last quarter. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EQIX shares. Deutsche Bank Aktiengesellschaft set a $915.00 price objective on Equinix in a research note on Tuesday, January 6th. HSBC set a $1,050.00 price objective on Equinix and gave the stock a "buy" rating in a research note on Thursday, January 15th. The Goldman Sachs Group raised their price objective on Equinix from $785.00 to $894.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. Cantor Fitzgerald started coverage on Equinix in a research note on Thursday, April 9th. They set an "overweight" rating and a $1,173.00 price objective on the stock. Finally, Barclays increased their target price on Equinix from $1,020.00 to $1,109.00 and gave the stock an "equal weight" rating in a report on Thursday, April 16th. Five equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equinix currently has an average rating of "Moderate Buy" and an average target price of $1,056.35.

Equinix Stock Performance

EQIX opened at $1,108.74 on Friday. The business has a fifty day simple moving average of $993.19 and a 200 day simple moving average of $862.95. The company has a market capitalization of $109.34 billion, a PE ratio of 80.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.07 by ($0.16). The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $7.92 earnings per share. Research analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. This is an increase from Equinix's previous quarterly dividend of $4.69. The ex-dividend date was Wednesday, February 25th. Equinix's dividend payout ratio is presently 150.11%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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