D.A. Davidson & CO. Sells 31 Shares of Equinix, Inc. (NASDAQ:EQIX)

D.A. Davidson & CO. reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 815 shares of the financial services provider’s stock after selling 31 shares during the period. D.A. Davidson & CO.’s holdings in Equinix were worth $768,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Sierra Ocean LLC bought a new position in Equinix during the 4th quarter valued at about $42,000. Dunhill Financial LLC lifted its holdings in Equinix by 108.7% during the 3rd 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. Finally, Thompson Investment Management Inc. bought a new position in Equinix during the 4th quarter valued at about $47,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 1.2 %

Shares of NASDAQ EQIX opened at $909.01 on Tuesday. The stock has a market cap of $88.48 billion, a P/E ratio of 106.32, a P/E/G ratio of 1.78 and a beta of 0.72. The firm has a 50 day moving average price of $930.29 and a 200 day moving average price of $903.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Analysts expect that Equinix, Inc. will post 33.1 EPS 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 paid a $4.69 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.06%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s payout ratio is presently 219.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Scotiabank dropped their target price on shares of Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 13th. Barclays boosted their target price on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Finally, Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $994.82.

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 222 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total value of $213,608.40. Following the sale, the insider now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the sale, the chief financial officer now directly owns 18,966 shares in the company, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,741 shares of company stock valued at $21,988,532. 0.27% of the stock is currently owned by corporate insiders.

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.