Capital International Ltd. CA Has $1.59 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Capital International Ltd. CA trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928 shares of the financial services provider’s stock after selling 334 shares during the quarter. Capital International Ltd. CA’s holdings in Equinix were worth $1,591,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CNB Bank increased its position in Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Valley National Advisers Inc. increased its position in Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 26 shares during the period. Criterion Capital Advisors LLC acquired a new position in Equinix in the 4th quarter valued at approximately $32,000. Rise Advisors LLC acquired a new position in Equinix in the 1st quarter valued at approximately $39,000. Finally, Rational Advisors LLC bought a new stake in shares of Equinix in the 1st quarter valued at $53,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of EQIX stock traded up $3.12 during trading hours on Friday, hitting $772.43. 540,992 shares of the company’s stock were exchanged, compared to its average volume of 568,258. The company has a market capitalization of $73.31 billion, a PE ratio of 77.48, a PEG ratio of 2.74 and a beta of 0.68. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The business’s 50 day simple moving average is $770.49 and its 200-day simple moving average is $797.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on EQIX. The Goldman Sachs Group began coverage on shares of Equinix in a research note on Monday, July 1st. They issued a “buy” rating and a $870.00 price objective on the stock. Barclays raised their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. TD Cowen dropped their price objective on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Morgan Stanley dropped their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Finally, Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $825.00 to $875.00 in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $875.50.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now directly owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.