Ossiam Decreases Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Ossiam decreased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,996 shares of the financial services provider's stock after selling 587 shares during the period. Ossiam's holdings in Equinix were worth $2,825,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $39,000. Sierra Ocean LLC purchased a new position in shares of Equinix during the fourth quarter worth approximately $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter valued at $47,000. Finally, Key Financial Inc raised its position in Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Truist Financial reduced their target price on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Wolfe Research upgraded shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $1,004.94.

Equinix Price Performance

NASDAQ:EQIX traded up $21.23 during trading hours on Friday, reaching $838.42. 242,646 shares of the company traded hands, compared to its average volume of 637,516. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm's 50-day moving average is $837.08 and its 200-day moving average is $895.26. The stock has a market cap of $82.01 billion, a P/E ratio of 98.06, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's payout ratio is presently 219.42%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now directly owns 17,669 shares in the company, valued at $16,117,838.49. This represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 2,454 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,040 shares of company stock worth $6,547,068. 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.