Equinix, Inc. (NASDAQ:EQIX) Stake Decreased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,141 shares of the financial services provider’s stock after selling 275 shares during the quarter. Equinix comprises 1.3% of Douglas Lane & Associates LLC’s portfolio, making the stock its 20th largest holding. Douglas Lane & Associates LLC’s holdings in Equinix were worth $91,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EQIX. Victory Capital Management Inc. grew its stake in shares of Equinix by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 38,865 shares of the financial services provider’s stock valued at $29,405,000 after purchasing an additional 1,663 shares during the period. Private Advisor Group LLC raised its holdings in Equinix by 134.0% during the 2nd quarter. Private Advisor Group LLC now owns 2,179 shares of the financial services provider’s stock worth $1,649,000 after buying an additional 1,248 shares during the period. Savant Capital LLC raised its holdings in shares of Equinix by 7.3% during the second quarter. Savant Capital LLC now owns 926 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 63 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Equinix by 660.0% in the second quarter. Cullen Frost Bankers Inc. now owns 76 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 66 shares in the last quarter. Finally, Asset Dedication LLC raised its position in Equinix by 327.1% in the 2nd quarter. Asset Dedication LLC now owns 205 shares of the financial services provider’s stock valued at $155,000 after buying an additional 157 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Mizuho increased their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their target price on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company lifted their price target on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI increased their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $976.81.

Equinix Stock Up 0.5 %

Shares of NASDAQ EQIX traded up $4.48 during mid-day trading on Wednesday, reaching $944.55. 189,778 shares of the company traded hands, compared to its average volume of 389,970. The company’s fifty day moving average is $939.56 and its two-hundred day moving average is $868.27. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. 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 stock has a market cap of $91.14 billion, a PE ratio of 85.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,398 shares of company stock worth $7,906,218. Company insiders own 0.27% of the company’s stock.

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.