Equinix, Inc. (NASDAQ:EQIX) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,280 shares of the financial services provider’s stock after selling 660 shares during the period. MML Investors Services LLC’s holdings in Equinix were worth $4,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in Equinix by 555.7% in the 2nd quarter. Blue Trust Inc. now owns 459 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 389 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of Equinix by 19.6% in the second quarter. Gradient Investments LLC now owns 15,011 shares of the financial services provider’s stock valued at $11,357,000 after purchasing an additional 2,461 shares in the last quarter. Raymond James & Associates increased its stake in Equinix by 3.0% during the 2nd quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock worth $130,819,000 after buying an additional 5,056 shares during the period. BTC Capital Management Inc. lifted its holdings in Equinix by 5.2% during the 2nd quarter. BTC Capital Management Inc. now owns 765 shares of the financial services provider’s stock worth $579,000 after buying an additional 38 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Equinix in the 2nd quarter valued at approximately $742,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the sale, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,398 shares of company stock worth $7,906,218. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQIX. JPMorgan Chase & Co. increased their price objective on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Scotiabank lifted their price objective on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Mizuho raised their target price on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Truist Financial boosted their price target on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $976.81.

Equinix Stock Down 1.1 %

Equinix stock opened at $965.00 on Friday. The company has a market capitalization of $93.11 billion, a P/E ratio of 87.02, a PEG ratio of 2.51 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a 50-day simple moving average of $919.91 and a 200-day simple moving average of $845.58.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

About Equinix

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.