Equinix, Inc. (NASDAQ:EQIX) Short Interest Update

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,040,000 shares, an increase of 46.8% from the March 15th total of 1,390,000 shares. Based on an average daily volume of 569,500 shares, the days-to-cover ratio is presently 3.6 days.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Jonathan Lin sold 624 shares of the business's stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the transaction, the executive vice president now owns 5,671 shares in the company, valued at $4,591,581.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Lin sold 624 shares of the business's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $809.66, for a total transaction of $505,227.84. Following the completion of the transaction, the executive vice president now owns 5,671 shares of the company's stock, valued at approximately $4,591,581.86. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock valued at $14,788,771 over the last quarter. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Equinix

A number of institutional investors and hedge funds have recently made changes to their positions in EQIX. Vanguard Group Inc. raised its holdings in Equinix by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,265,174 shares of the financial services provider's stock worth $9,878,248,000 after purchasing an additional 33,992 shares in the last quarter. Cohen & Steers Inc. raised its holdings in Equinix by 0.5% during the fourth quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider's stock worth $2,087,096,000 after purchasing an additional 13,988 shares in the last quarter. Geode Capital Management LLC raised its holdings in Equinix by 1.2% during the first quarter. Geode Capital Management LLC now owns 2,004,008 shares of the financial services provider's stock worth $1,441,837,000 after purchasing an additional 23,150 shares in the last quarter. Norges Bank purchased a new position in Equinix during the fourth quarter worth about $1,574,132,000. Finally, Principal Financial Group Inc. raised its holdings in Equinix by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,435,568 shares of the financial services provider's stock worth $1,156,193,000 after purchasing an additional 37,150 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQIX. Barclays lowered their target price on shares of Equinix from $788.00 to $781.00 and set an "equal weight" rating for the company in a research note on Thursday, February 15th. Royal Bank of Canada boosted their target price on shares of Equinix from $855.00 to $950.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Stifel Nicolaus reiterated a "buy" rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Truist Financial boosted their target price on shares of Equinix from $915.00 to $950.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company boosted their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $868.72.

Equinix Stock Performance

Shares of NASDAQ:EQIX traded down $9.77 on Friday, reaching $764.05. The company's stock had a trading volume of 498,341 shares, compared to its average volume of 811,680. The stock's 50-day moving average is $844.04 and its two-hundred day moving average is $801.95. Equinix has a 52-week low of $672.88 and a 52-week high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $72.30 billion, a P/E ratio of 74.11, a PEG ratio of 1.82 and a beta of 0.58.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.23%. Equinix's payout ratio is 165.28%.

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.

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