Equinix, Inc. (NASDAQ:EQIX) CEO Sells $2,851,203.30 in Stock

Equinix, Inc. (NASDAQ:EQIX) CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Equinix Stock Down 0.1 %

Shares of NASDAQ EQIX traded down $1.19 during trading hours on Tuesday, hitting $963.65. The stock had a trading volume of 386,928 shares, compared to its average volume of 532,407. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $92.98 billion, a P/E ratio of 86.89, a P/E/G ratio of 2.48 and a beta of 0.72. The firm’s 50-day moving average price is $902.59 and its two-hundred day moving average price is $833.34. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.77%. Equinix’s dividend payout ratio is currently 153.65%.

Hedge Funds Weigh In On Equinix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in shares of Equinix by 220.6% in the 1st quarter. Cetera Investment Advisers now owns 8,118 shares of the financial services provider’s stock valued at $6,699,000 after purchasing an additional 5,586 shares in the last quarter. Cetera Advisors LLC raised its position in shares of Equinix by 69.0% during the 1st quarter. Cetera Advisors LLC now owns 2,052 shares of the financial services provider’s stock valued at $1,693,000 after acquiring an additional 838 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equinix during the second quarter worth about $30,000. Mather Group LLC. raised its holdings in Equinix by 3.5% during the 2nd quarter. Mather Group LLC. now owns 1,251 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 42 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Equinix by 42.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 910 shares of the financial services provider’s stock valued at $689,000 after purchasing an additional 269 shares during the period. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial lifted their price target on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday. Barclays boosted their target price on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Scotiabank boosted their target price on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average target price of $962.56.

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.