GTS Securities LLC Reduces Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

GTS Securities LLC decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 80.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 476 shares of the financial services provider's stock after selling 1,990 shares during the period. GTS Securities LLC's holdings in Equinix were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Kestra Investment Management LLC purchased a new stake in shares of Equinix in the fourth quarter worth about $31,000. Pacific Center for Financial Services boosted its stake in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after buying an additional 15 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC bought a new position in Equinix during the fourth quarter valued at approximately $42,000. Finally, Thompson Investment Management Inc. bought a new position in Equinix during the fourth quarter valued at approximately $47,000. Institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 127 shares of Equinix 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 transaction, the insider now directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EQIX shares. TD Securities increased their price target on Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Friday, May 23rd. Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, New Street Research raised Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and six have assigned a strong buy rating to the stock. According to MarketBeat, Equinix presently has an average rating of "Buy" and a consensus target price of $1,004.80.

Equinix Trading Up 0.2%

EQIX traded up $1.65 during trading on Friday, hitting $889.08. 973,117 shares of the stock were exchanged, compared to its average volume of 527,294. The firm has a 50 day simple moving average of $831.05 and a 200 day simple moving average of $890.74. The firm has a market cap of $86.97 billion, a price-to-earnings ratio of 103.99, a P/E/G ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

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

Equinix Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.11%. Equinix's payout ratio is currently 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.