Equinix, Inc. $EQIX Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 231,628 shares of the financial services provider’s stock after selling 2,898 shares during the period. Schroder Investment Management Group’s holdings in Equinix were worth $181,420,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its stake in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC lifted its holdings in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 546 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in Equinix during the 2nd quarter worth approximately $231,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Equinix in the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 1,333 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the completion of the transaction, the insider owned 9,551 shares of the company’s stock, valued at approximately $7,681,391.75. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 2,716 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $965.15, for a total transaction of $2,621,347.40. Following the completion of the sale, the chairman directly owned 12,594 shares in the company, valued at approximately $12,155,099.10. This trade represents a 17.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 13,602 shares of company stock valued at $11,369,645. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $915.00 price target on Equinix in a report on Tuesday, January 6th. Guggenheim lifted their price objective on shares of Equinix from $933.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Thursday, February 12th. Truist Financial increased their target price on shares of Equinix from $973.00 to $1,087.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,006.91.

Equinix Stock Up 0.8%

NASDAQ:EQIX opened at $944.91 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.40. The stock has a 50 day moving average of $855.68 and a 200-day moving average of $808.90. The firm has a market capitalization of $92.84 billion, a PE ratio of 68.72, a price-to-earnings-growth ratio of 2.41 and a beta of 1.04. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $992.90.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $7.92 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from Equinix’s previous quarterly dividend of $4.69. This represents a $20.64 dividend on an annualized basis and a yield of 2.2%. Equinix’s dividend payout ratio (DPR) is 150.11%.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.