Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,693 shares of the financial services provider’s stock after selling 1,027 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Equinix were worth $9,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Flagship Harbor Advisors LLC acquired a new stake in Equinix during the 3rd quarter worth $292,000. DAVENPORT & Co LLC acquired a new stake in Equinix during the 3rd quarter worth $222,000. UMB Bank n.a. raised its stake in Equinix by 48.6% during the 3rd quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 18 shares in the last quarter. Oak Thistle LLC raised its stake in Equinix by 185.7% during the 3rd quarter. Oak Thistle LLC now owns 760 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 494 shares in the last quarter. Finally, Czech National Bank increased its stake in Equinix by 47.7% in the third quarter. Czech National Bank now owns 16,353 shares of the financial services provider’s stock valued at $11,877,000 after purchasing an additional 5,282 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on EQIX. Royal Bank of Canada lifted their price objective on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Truist Financial lifted their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Wells Fargo & Company lifted their target price on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $862.50.

Insider Activity at Equinix

In related news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the sale, the chief financial officer now owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,585 shares of company stock worth $3,818,268. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Down 0.9 %

Shares of NASDAQ:EQIX traded down $6.74 during midday trading on Friday, hitting $731.61. 779,472 shares of the company’s stock traded hands, compared to its average volume of 571,243. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $69.22 billion, a PE ratio of 71.62, a P/E/G ratio of 1.95 and a beta of 0.58. The firm’s fifty day moving average price is $826.00 and its two-hundred day moving average price is $802.61. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.33%. Equinix’s payout ratio is 165.28%.

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.