Quaero Capital S.A. Decreases Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Quaero Capital S.A. decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,875 shares of the financial services provider’s stock after selling 310 shares during the quarter. Equinix accounts for approximately 2.3% of Quaero Capital S.A.’s holdings, making the stock its 11th biggest position. Quaero Capital S.A.’s holdings in Equinix were worth $1,768,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EQIX. Exchange Traded Concepts LLC bought a new stake in shares of Equinix during the 3rd quarter valued at about $328,000. Creative Planning grew its stake in shares of Equinix by 16.7% during the 3rd quarter. Creative Planning now owns 7,754 shares of the financial services provider’s stock valued at $6,883,000 after purchasing an additional 1,111 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Equinix during the 3rd quarter valued at about $1,878,000. Global Retirement Partners LLC grew its stake in shares of Equinix by 6.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,370 shares of the financial services provider’s stock valued at $1,216,000 after purchasing an additional 86 shares during the period. Finally, Bar Harbor Wealth Management grew its stake in shares of Equinix by 3.0% during the 3rd quarter. Bar Harbor Wealth Management now owns 3,539 shares of the financial services provider’s stock valued at $3,141,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EQIX shares. JMP Securities restated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday. BMO Capital Markets cut their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus boosted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, TD Cowen boosted their price objective on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $994.82.

Insider Activity

In related news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 18,966 shares in the company, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the completion of the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,801 shares of company stock worth $15,530,564. 0.27% of the stock is currently owned by insiders.

Equinix Stock Up 1.1 %

NASDAQ EQIX opened at $933.60 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $90.08 billion, a P/E ratio of 84.18, a P/E/G ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock has a 50 day moving average price of $935.90 and a 200-day moving average price of $894.96.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. As a group, equities analysts predict that Equinix, Inc. will post 31.09 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio is currently 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.