Calamos Advisors LLC Has $11.65 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Calamos Advisors LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,460 shares of the financial services provider’s stock after selling 188 shares during the period. Calamos Advisors LLC’s holdings in Equinix were worth $11,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Equinix by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock valued at $8,883,018,000 after purchasing an additional 34,926 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Equinix by 1.2% in the first quarter. Geode Capital Management LLC now owns 2,004,008 shares of the financial services provider’s stock valued at $1,441,837,000 after acquiring an additional 23,150 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Equinix by 44.6% in the third quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock valued at $1,015,610,000 after acquiring an additional 431,435 shares in the last quarter. Northern Trust Corp grew its stake in shares of Equinix by 1.7% in the third quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock valued at $862,790,000 after acquiring an additional 20,241 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Equinix in the fourth quarter valued at about $725,557,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

NASDAQ EQIX opened at $748.00 on Friday. The company has a fifty day simple moving average of $833.57 and a 200 day simple moving average of $801.57. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $70.78 billion, a P/E ratio of 72.55, a PEG ratio of 1.92 and a beta of 0.58.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s payout ratio is currently 165.28%.

Insider Activity at Equinix

In related news, EVP Scott Crenshaw sold 460 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares of the company’s stock, valued at approximately $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Equinix news, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the transaction, the executive vice president now directly owns 1,242 shares in the company, valued at approximately $1,034,548.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at $19,314,307.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,585 shares of company stock valued at $3,818,268. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Oppenheimer increased their target price on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Stifel Nicolaus reissued a “buy” rating and set a $960.00 target price on shares of Equinix in a research report on Wednesday, March 13th. Finally, Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix 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.