Dimensional Fund Advisors LP Sells 365 Shares of Equinix, Inc. (NASDAQ:EQIX)

Dimensional Fund Advisors LP cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,308,345 shares of the financial services provider’s stock after selling 365 shares during the period. Dimensional Fund Advisors LP owned approximately 1.36% of Equinix worth $1,233,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Kestra Investment Management LLC bought a new stake in shares of Equinix during the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp acquired a new position in Equinix during the 4th quarter valued at about $39,000. Sierra Ocean LLC bought a new stake in Equinix during the 4th quarter worth approximately $42,000. Thompson Investment Management Inc. purchased a new stake in shares of Equinix in the fourth quarter worth approximately $47,000. Finally, Key Financial Inc lifted its holdings in shares of Equinix by 30.4% in the fourth 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 in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, CFO Keith D. Taylor sold 2,454 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cfra Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Citizens Jmp raised Equinix to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank lifted their target price on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. Oppenheimer raised their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Truist Financial cut their target price on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $1,005.50.

Equinix Trading Up 1.5 %

NASDAQ:EQIX opened at $790.15 on Friday. The company has a 50 day simple moving average of $847.77 and a two-hundred day simple moving average of $897.45. The company has a market cap of $77.29 billion, a PE ratio of 92.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current 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 dividend of $4.69 per share. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.37%. Equinix’s dividend payout ratio (DPR) is presently 219.42%.

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.