B. Metzler seel. Sohn & Co. AG Decreases Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

B. Metzler seel. Sohn & Co. AG lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 33.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,143 shares of the financial services provider’s stock after selling 3,049 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Equinix were worth $5,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EQIX. Kestra Investment Management LLC purchased a new stake in Equinix in the fourth quarter worth $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix in the 4th quarter worth about $39,000. Sierra Ocean LLC bought a new stake in Equinix in the 4th quarter valued at about $42,000. Dunhill Financial LLC lifted its holdings in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new position in Equinix during the fourth quarter worth about $47,000. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $815.35 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $79.36 billion, a price-to-earnings ratio of 95.36, a PEG ratio of 1.78 and a beta of 0.74. The business’s fifty day moving average is $893.95 and its 200 day moving average is $908.64. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

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

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Wednesday, February 26th. Equinix’s payout ratio is currently 219.42%.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were 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 in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now directly owns 17,669 shares of the company’s stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $17,466,950 in the last 90 days. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQIX. Scotiabank lifted their price objective on shares of 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. Wolfe Research raised Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price objective on the stock in a report on Thursday, March 27th. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. BMO Capital Markets lowered their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,007.59.

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.