Equinix, Inc. (NASDAQ:EQIX) Holdings Trimmed by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,532 shares of the financial services provider’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Equinix were worth $4,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GHP Investment Advisors Inc. raised its holdings in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Dunhill Financial LLC lifted its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the fourth quarter worth about $47,000. Finally, Friedenthal Financial purchased a new position in Equinix during the 4th quarter worth approximately $58,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares of the company’s stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kurt Pletcher sold 222 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the transaction, the insider now directly owns 1,015 shares of the company’s stock, valued at $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Up 1.1 %

Equinix stock opened at $933.60 on Friday. The business’s 50-day simple moving average is $935.90 and its 200-day simple moving average is $894.96. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm has a market capitalization of $90.08 billion, a PE ratio of 84.18, a PEG ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. Equities research analysts forecast that Equinix, Inc. will post 31.09 earnings per share for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.01%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Truist Financial boosted their target price on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Finally, Oppenheimer boosted their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $994.82.

Equinix Company 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.