SG Americas Securities LLC Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

SG Americas Securities LLC trimmed its stake in Equinix, Inc. (NASDAQ:EQIX) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,870 shares of the financial services provider’s stock after selling 10,082 shares during the quarter. SG Americas Securities LLC’s holdings in Equinix were worth $16,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. State Street Corp lifted its holdings in Equinix by 1.4% in the 3rd quarter. State Street Corp now owns 5,826,082 shares of the financial services provider’s stock valued at $5,171,405,000 after purchasing an additional 81,941 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Equinix by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider’s stock valued at $2,079,591,000 after buying an additional 33,277 shares during the period. Principal Financial Group Inc. boosted its position in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after acquiring an additional 5,910 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after acquiring an additional 203,656 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Equinix by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider’s stock valued at $1,006,724,000 after acquiring an additional 53,729 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 1.7 %

NASDAQ:EQIX opened at $940.93 on Friday. The business’s 50-day moving average is $942.79 and its two-hundred day moving average is $880.36. The firm has a market capitalization of $90.79 billion, a PE ratio of 84.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.81%. Equinix’s payout ratio is currently 153.65%.

Insider Buying and Selling

In other news, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,549 shares of company stock valued at $18,036,455. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EQIX shares. The Goldman Sachs Group raised their price objective on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. HSBC raised Equinix from a “hold” rating to a “buy” rating and raised their price target for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Stifel Nicolaus upped their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Scotiabank raised their target price on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Finally, TD Cowen upped their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $984.88.

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.