Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 34.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,899 shares of the financial services provider's stock after selling 1,017 shares during the period. Bessemer Group Inc.'s holdings in Equinix were worth $1,549,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pinney & Scofield Inc. acquired a new position in shares of Equinix during the 4th quarter worth about $28,000. Pacific Center for Financial Services grew its stake in Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 15 shares in the last quarter. Whipplewood Advisors LLC grew its stake in Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Equinix during the 4th quarter valued at about $39,000. Finally, Park Square Financial Group LLC purchased a new stake in Equinix during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer now directly owns 9,615 shares in the company, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the sale, the director now owns 17,569 shares in the company, valued at $15,274,664.29. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,176 shares of company stock worth $2,808,008 in the last ninety days. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on EQIX. Cowen reaffirmed a "buy" rating on shares of Equinix in a research note on Thursday, May 1st. Bank of America dropped their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday. Truist Financial dropped their price objective on shares of Equinix from $990.00 to $986.00 and set a "buy" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective on shares of Equinix from $975.00 to $935.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $977.30.

Equinix Stock Performance

NASDAQ:EQIX opened at $785.11 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $76.80 billion, a P/E ratio of 81.61, a PEG ratio of 1.12 and a beta of 0.97. The company has a 50 day moving average price of $867.26 and a 200 day moving average price of $879.89. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $8.86 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.39%. Equinix's dividend payout ratio (DPR) is presently 195.01%.

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.

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