Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,036 shares of the financial services provider’s stock after selling 527 shares during the period. Flputnam Investment Management Co.’s holdings in Equinix were worth $3,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC grew its stake in shares of Equinix by 0.9% in the fourth quarter. Capital Analysts LLC now owns 3,114 shares of the financial services provider’s stock valued at $2,508,000 after buying an additional 28 shares in the last quarter. Private Client Services LLC acquired a new stake in shares of Equinix in the fourth quarter valued at about $660,000. Keel Point LLC acquired a new stake in shares of Equinix in the fourth quarter valued at about $210,000. Dakota Wealth Management grew its stake in shares of Equinix by 23.7% in the fourth quarter. Dakota Wealth Management now owns 9,337 shares of the financial services provider’s stock valued at $7,520,000 after buying an additional 1,789 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Equinix by 6.2% in the fourth quarter. Vontobel Holding Ltd. now owns 128,321 shares of the financial services provider’s stock valued at $103,348,000 after buying an additional 7,500 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Down 0.3 %

Shares of NASDAQ EQIX opened at $742.14 on Wednesday. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 71.98, a price-to-earnings-growth ratio of 1.78 and a beta of 0.58. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock’s 50 day simple moving average is $840.28 and its 200 day simple moving average is $802.23.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is 165.28%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Royal Bank of Canada raised their price objective on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Barclays lowered their price objective on Equinix from $788.00 to $781.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $960.00 price objective on shares of Equinix in a research note on Wednesday, March 13th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $868.72.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the sale, the insider now owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the sale, the insider now owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,585 shares of company stock valued at $3,818,268. Insiders own 0.32% of the company’s stock.

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.