Equinix, Inc. (NASDAQ:EQIX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 85.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,616 shares of the financial services provider's stock after selling 15,254 shares during the quarter. SG Americas Securities LLC's holdings in Equinix were worth $2,133,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cardinal Capital Management Inc. raised its holdings in shares of Equinix by 1.8% in the first quarter. Cardinal Capital Management Inc. now owns 17,130 shares of the financial services provider's stock worth $13,967,000 after acquiring an additional 302 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Equinix by 19.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,251 shares of the financial services provider's stock valued at $1,835,000 after purchasing an additional 371 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Equinix by 5.5% in the 1st quarter. Farther Finance Advisors LLC now owns 767 shares of the financial services provider's stock valued at $626,000 after purchasing an additional 40 shares in the last quarter. Courier Capital LLC lifted its holdings in Equinix by 9.3% in the 1st quarter. Courier Capital LLC now owns 2,825 shares of the financial services provider's stock valued at $2,304,000 after purchasing an additional 240 shares in the last quarter. Finally, Vert Asset Management LLC boosted its stake in shares of Equinix by 3.2% during the 1st quarter. Vert Asset Management LLC now owns 24,459 shares of the financial services provider's stock worth $19,943,000 after purchasing an additional 750 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 9,615 shares of the company's stock, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,176 shares of company stock valued at $2,808,008. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their price objective on Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a report on Monday, May 12th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research note on Friday, May 23rd. Mizuho reduced their target price on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Bank of America started coverage on Equinix in a report on Monday, May 19th. They issued a "buy" rating and a $1,000.00 price target for the company. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company's stock. According to data from MarketBeat, Equinix has a consensus rating of "Buy" and a consensus target price of $1,004.80.

Equinix Stock Down 0.0%

NASDAQ:EQIX traded down $0.07 on Wednesday, reaching $886.70. The stock had a trading volume of 209,689 shares, compared to its average volume of 527,397. The company has a 50-day moving average of $856.61 and a 200 day moving average of $887.14. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The stock has a market cap of $86.74 billion, a P/E ratio of 92.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

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, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm earned $8.86 EPS. Equinix's quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

About Equinix

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.