Chilton Capital Management LLC Sells 2,138 Shares of Equinix, Inc. (NASDAQ:EQIX)

Chilton Capital Management LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,786 shares of the financial services provider's stock after selling 2,138 shares during the period. Equinix comprises approximately 1.3% of Chilton Capital Management LLC's portfolio, making the stock its 25th largest position. Chilton Capital Management LLC's holdings in Equinix were worth $29,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Equinix by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after buying an additional 88,654 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Equinix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock valued at $2,269,037,000 after buying an additional 62,005 shares during the last quarter. FMR LLC raised its holdings in shares of Equinix by 3.7% in the fourth quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock valued at $2,135,606,000 after buying an additional 81,144 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Equinix by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock valued at $1,793,429,000 after buying an additional 14,294 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Equinix by 28.7% in the fourth quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock valued at $1,701,188,000 after buying an additional 401,991 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Stifel Nicolaus cut their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Wells Fargo & Company cut their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Finally, Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $960.55.

Equinix Stock Down 1.2%

NASDAQ EQIX traded down $9.57 during trading on Tuesday, reaching $767.55. The company's stock had a trading volume of 320,534 shares, compared to its average volume of 557,392. The business has a 50-day moving average price of $864.55 and a 200-day moving average price of $873.45. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a market capitalization of $75.08 billion, a PE ratio of 79.79, a PEG ratio of 1.13 and a beta of 0.93.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 10.48% and a return on equity of 6.96%. Equinix's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $8.86 earnings per share. On average, research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.44%. The ex-dividend date was Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the sale, the director owned 17,569 shares of the company's stock, valued at approximately $15,274,664.29. This represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider owned 1,842 shares in the company, valued at approximately $1,616,723.40. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock valued at $2,808,008 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix 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.