Hancock Whitney Corp Lowers Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Hancock Whitney Corp lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 77.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,034 shares of the financial services provider’s stock after selling 10,251 shares during the quarter. Hancock Whitney Corp’s holdings in Equinix were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its stake in shares of Equinix by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,514 shares of the financial services provider’s stock valued at $2,900,000 after purchasing an additional 68 shares in the last quarter. California State Teachers Retirement System grew its stake in Equinix by 0.6% during the first quarter. California State Teachers Retirement System now owns 150,207 shares of the financial services provider’s stock worth $123,970,000 after buying an additional 858 shares during the period. Tidal Investments LLC raised its stake in shares of Equinix by 31.2% in the 1st quarter. Tidal Investments LLC now owns 19,615 shares of the financial services provider’s stock valued at $16,189,000 after acquiring an additional 4,665 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Equinix in the 1st quarter valued at $949,000. Finally, iA Global Asset Management Inc. boosted its position in Equinix by 10.0% during the 1st quarter. iA Global Asset Management Inc. now owns 11,064 shares of the financial services provider’s stock worth $9,131,000 after purchasing an additional 1,008 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 4.1 %

Shares of NASDAQ EQIX opened at $974.35 on Tuesday. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $976.35. The company has a market cap of $94.01 billion, a price-to-earnings ratio of 87.86, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock’s 50 day simple moving average is $893.70 and its 200 day simple moving average is $827.82.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotiabank raised their price objective on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 31st. Mizuho boosted their price target on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $952.88.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the transaction, the chairman now directly owns 7,680 shares in the company, valued at approximately $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,754 shares of company stock worth $11,666,756. 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.