Equinix, Inc. (NASDAQ:EQIX) Stake Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,046 shares of the financial services provider's stock after selling 554 shares during the period. Jefferies Financial Group Inc.'s holdings in Equinix were worth $4,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Liberty Square Wealth Partners LLC purchased a new position in Equinix in the 4th quarter valued at about $254,000. Cypress Asset Management Inc. TX purchased a new position in shares of Equinix during the 4th quarter worth about $305,000. Mackenzie Financial Corp lifted its holdings in shares of Equinix by 80.6% during the 4th quarter. Mackenzie Financial Corp now owns 57,248 shares of the financial services provider's stock worth $53,979,000 after acquiring an additional 25,556 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Equinix by 8.4% during the 4th quarter. Toronto Dominion Bank now owns 51,495 shares of the financial services provider's stock worth $48,554,000 after acquiring an additional 3,975 shares during the period. Finally, North Star Asset Management Inc. purchased a new position in shares of Equinix during the 4th quarter worth about $273,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the firm'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 transaction, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. BMO Capital Markets cut their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Wells Fargo & Company cut their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Bank of America initiated coverage on shares of Equinix in a report on Monday, May 19th. They set a "buy" rating and a $1,000.00 price objective on the stock. Finally, New Street Research raised shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $1,004.80.

Equinix Stock Up 0.2%

NASDAQ:EQIX traded up $1.65 during trading hours on Friday, hitting $889.08. The stock had a trading volume of 973,117 shares, compared to its average volume of 525,128. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The company has a market cap of $86.97 billion, a PE ratio of 103.99, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50 day simple moving average of $831.05 and a two-hundred day simple moving average of $890.66.

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. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $8.86 earnings per share. The business's quarterly revenue was up 4.1% compared to the same quarter last year. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, May 21st. 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.