Equinix, Inc. (NASDAQ:EQIX) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,279 shares of the financial services provider's stock after selling 1,001 shares during the period. MML Investors Services LLC's holdings in Equinix were worth $4,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Equinix in the 4th quarter worth $1,067,270,000. Wellington Management Group LLP grew its position in 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 worth $1,701,188,000 after acquiring an additional 401,991 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Equinix during the fourth quarter worth approximately $328,899,000. Proficio Capital Partners LLC purchased a new stake in Equinix during the fourth quarter valued at approximately $246,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after purchasing an additional 203,656 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of Equinix stock traded up $3.46 during mid-day trading on Thursday, reaching $864.21. 259,278 shares of the stock traded hands, compared to its average volume of 545,871. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average of $830.37 and a 200 day moving average of $894.59. The stock has a market capitalization of $84.53 billion, a PE ratio of 101.08, a PEG ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

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

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 yield of 2.17%. Equinix's payout ratio is presently 219.42%.

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a report on Thursday, March 27th. Mizuho lowered their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. TD Securities lifted their price target on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research note on Thursday. 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 report on Tuesday, April 22nd. Finally, New Street Research upgraded Equinix to a "strong-buy" rating in a research report on Monday. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of "Buy" and a consensus price target of $1,005.63.

Insider Activity at Equinix

In related news, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the transaction, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,040 shares of company stock valued at $6,547,068. Corporate insiders own 0.27% of the company's stock.

Equinix Company 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.