Dimensional Fund Advisors LP Decreases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Dimensional Fund Advisors LP decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,294,583 shares of the financial services provider's stock after selling 6,733 shares during the period. Dimensional Fund Advisors LP owned 1.38% of Equinix worth $1,042,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQIX. Valley National Advisers Inc. raised its holdings in shares of Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider's stock worth $28,000 after buying an additional 26 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Equinix in the third quarter worth $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Equinix in the fourth quarter worth $32,000. Operose Advisors LLC purchased a new position in shares of Equinix in the third quarter worth $36,000. Finally, Asset Dedication LLC raised its holdings in shares of Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider's stock worth $37,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

EQIX stock traded down $14.75 during midday trading on Friday, hitting $757.68. 975,447 shares of the stock traded hands, compared to its average volume of 823,291. The firm has a market cap of $71.69 billion, a P/E ratio of 76.00, a PEG ratio of 1.99 and a beta of 0.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.13. The stock's fifty day simple moving average is $791.29 and its 200-day simple moving average is $801.54. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be given a $4.26 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.25%. Equinix's dividend payout ratio (DPR) is 170.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Equinix from $800.00 to $825.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Morgan Stanley cut their price objective on shares of Equinix from $767.00 to $762.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 28th. Barclays cut their price objective on shares of Equinix from $818.00 to $669.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 17th. TD Cowen cut their price objective on shares of Equinix from $862.00 to $859.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Oppenheimer increased their price objective on shares of Equinix from $875.00 to $950.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and a consensus price target of $869.76.

Insider Activity

In other news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of the firm's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the transaction, the insider now directly owns 14,002 shares in the company, valued at $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock worth $3,818,268 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

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.

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