Equinix, Inc. (NASDAQ:EQIX) is Presima Securities ULC’s Largest Position

Presima Securities ULC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,979 shares of the financial services provider’s stock after selling 2,966 shares during the quarter. Equinix accounts for approximately 12.5% of Presima Securities ULC’s investment portfolio, making the stock its biggest position. Presima Securities ULC owned 0.06% of Equinix worth $50,896,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EQIX. GHP Investment Advisors Inc. boosted its position in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares in the last quarter. Fortitude Family Office LLC raised its stake in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Dunhill Financial LLC lifted its holdings in shares of Equinix by 108.7% in 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, Webster Bank N. A. grew its stake in Equinix by 112.5% during the 3rd quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after buying an additional 27 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In related news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the sale, the chief financial officer now owns 18,966 shares of the company’s stock, valued at $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kurt Pletcher sold 341 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the sale, the insider now directly owns 1,430 shares of the company’s stock, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,549 shares of company stock valued at $18,036,455 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EQIX. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. TD Cowen boosted their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada raised their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. BMO Capital Markets raised their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price objective on Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $984.88.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $940.85 on Friday. The company has a market cap of $90.78 billion, a PE ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The firm has a 50-day simple moving average of $943.64 and a 200 day simple moving average of $880.78. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.