ESG Planning DBA Harper Investing Has $1.18 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

ESG Planning DBA Harper Investing trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,256 shares of the financial services provider’s stock after selling 510 shares during the period. ESG Planning DBA Harper Investing’s holdings in Equinix were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Kestra Investment Management LLC bought a new position in Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the fourth quarter valued at approximately $39,000. Sierra Ocean LLC bought a new position in shares of Equinix during the fourth quarter worth approximately $42,000. Dunhill Financial LLC lifted its holdings in Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in Equinix in the 4th quarter valued at $47,000. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the subject of a number of research reports. Truist Financial dropped their target price on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a report on Monday, March 10th. Mizuho cut their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company lowered their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Scotiabank boosted their price target on Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Finally, Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus target price of $1,007.59.

Equinix Trading Down 2.7 %

Shares of Equinix stock opened at $803.00 on Friday. The firm’s 50 day moving average is $895.96 and its 200 day moving average is $908.43. The firm has a market capitalization of $78.16 billion, a PE ratio of 93.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is presently 219.42%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 1,331 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the transaction, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,054 shares of company stock worth $17,466,950. Insiders own 0.27% of the company’s stock.

Equinix Company 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.