Pacer Advisors Inc. Has $70.44 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Pacer Advisors Inc. trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 74,706 shares of the financial services provider’s stock after selling 10,979 shares during the period. Pacer Advisors Inc.’s holdings in Equinix were worth $70,440,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Equinix by 2.4% in the 2nd quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider’s stock valued at $20,793,000 after purchasing an additional 647 shares during the period. The Manufacturers Life Insurance Company grew its position in Equinix by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider’s stock valued at $50,303,000 after acquiring an additional 432 shares during the period. Duff & Phelps Investment Management Co. raised its stake in Equinix by 25.9% during the second quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after acquiring an additional 75,888 shares in the last quarter. Quarry LP raised its stake in Equinix by 124.6% during the second quarter. Quarry LP now owns 128 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 71 shares in the last quarter. Finally, Ecofi Investissements SA acquired a new stake in shares of Equinix in the 2nd quarter valued at $74,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Down 0.0 %

Shares of Equinix stock opened at $940.85 on Monday. 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 52-week low of $684.14 and a 52-week high of $994.03. The firm has a market cap of $90.78 billion, a PE ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73. The business’s 50 day simple moving average is $944.51 and its 200 day simple moving average is $883.61.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio is currently 153.65%.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,549 shares of company stock valued at $18,036,455 in the last quarter. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI raised their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price objective on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $997.53.

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.