Nisa Investment Advisors LLC Sells 14,403 Shares of Equinix, Inc. $EQIX

Nisa Investment Advisors LLC trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,352 shares of the financial services provider’s stock after selling 14,403 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Equinix were worth $20,190,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in shares of Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 12 shares during the last quarter. Flputnam Investment Management Co. raised its stake in shares of Equinix by 1.0% during the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 13 shares during the last quarter. Paragon Private Wealth Management LLC raised its stake in shares of Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after buying an additional 13 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in Equinix by 3.2% in the second quarter. Pathway Financial Advisers LLC now owns 455 shares of the financial services provider’s stock valued at $362,000 after buying an additional 14 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQIX. JPMorgan Chase & Co. lifted their target price on shares of Equinix from $950.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. TD Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $915.00 price target on Equinix in a research report on Tuesday, January 6th. Guggenheim upped their price objective on Equinix from $933.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, HSBC set a $1,050.00 target price on Equinix and gave the company a “buy” rating in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,016.86.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 2,670 shares of Equinix stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.08, for a total transaction of $2,146,893.60. Following the transaction, the chief executive officer owned 14,857 shares in the company, valued at $11,946,216.56. The trade was a 15.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 2,716 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $965.15, for a total value of $2,621,347.40. Following the completion of the transaction, the chairman owned 12,594 shares of the company’s stock, valued at $12,155,099.10. This represents a 17.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,842 shares of company stock valued at $14,494,840. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.7%

EQIX opened at $980.24 on Wednesday. The firm’s fifty day moving average is $914.67 and its two-hundred day moving average is $830.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $96.31 billion, a PE ratio of 71.29, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Equinix, Inc. has a twelve month low of $701.41 and a twelve month 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 net margin of 14.65% and a return on equity of 9.60%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm earned $7.92 EPS. Equinix’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a $5.16 dividend. The ex-dividend date of this dividend was 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 2.1%. Equinix’s payout ratio is presently 150.11%.

Equinix Company 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.