Public Employees Retirement Association of Colorado Sells 3,146 Shares of Equinix, Inc. (NASDAQ:EQIX)

Public Employees Retirement Association of Colorado lowered its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,364 shares of the financial services provider's stock after selling 3,146 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.14% of Equinix worth $131,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in Equinix in the fourth quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in Equinix in the fourth quarter valued at about $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix during the fourth quarter worth approximately $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $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 worth $57,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 2,454 shares of Equinix stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at $22,677,754.68. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,040 shares of company stock valued at $6,547,068. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EQIX shares. Oppenheimer increased their price objective on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. BMO Capital Markets lowered their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Citigroup dropped their price objective on Equinix from $1,020.00 to $970.00 and set a "buy" rating for the company in a report on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday. Finally, Barclays boosted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $1,004.05.

Equinix Stock Up 0.1 %

NASDAQ EQIX traded up $1.22 on Thursday, reaching $861.97. The company had a trading volume of 677,252 shares, compared to its average volume of 547,468. The company's fifty day moving average is $830.37 and its 200-day moving average is $894.59. The firm has a market capitalization of $84.32 billion, a price-to-earnings ratio of 100.82, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. 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 released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equinix's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.86 earnings per share. On average, research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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 paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is presently 219.42%.

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.