Equinix, Inc. (NASDAQ:EQIX) Insider Kurt Pletcher Sells 341 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kurt Pletcher also recently made the following trade(s):

• On Tuesday, December 3rd, Kurt Pletcher sold 222 shares of Equinix stock. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40.

Equinix Stock Down 0.5 %

Shares of NASDAQ EQIX opened at $915.59 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $88.35 billion, a PE ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The business’s fifty day moving average price is $941.75 and its 200-day moving average price is $874.79.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. Equinix’s dividend payout ratio is presently 153.65%.

Hedge Funds Weigh In On Equinix

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in Equinix by 81.9% in the 2nd quarter. Renaissance Technologies LLC now owns 30,870 shares of the financial services provider’s stock valued at $23,356,000 after buying an additional 13,900 shares in the last quarter. Wealth Alliance raised its stake in shares of Equinix by 3.3% during the 2nd quarter. Wealth Alliance now owns 944 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 30 shares during the period. E Fund Management Co. Ltd. purchased a new stake in Equinix during the 2nd quarter worth about $265,000. Vanguard Personalized Indexing Management LLC boosted its stake in Equinix by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,718 shares of the financial services provider’s stock worth $5,058,000 after purchasing an additional 388 shares during the period. Finally, Blair William & Co. IL grew its holdings in Equinix by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 26,459 shares of the financial services provider’s stock valued at $20,019,000 after buying an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Barclays increased their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their target price on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. TD Cowen lifted their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $976.81.

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.