Millennium Management LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,180 shares of the financial services provider’s stock after selling 33,774 shares during the period. Millennium Management LLC owned approximately 0.43% of Equinix worth $152,363,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. raised its holdings in Equinix by 191.5% during the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock worth $108,000 after buying an additional 157 shares during the last quarter. Zions Bancorporation raised its holdings in Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after buying an additional 255 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Equinix during the fourth quarter worth $121,000. Truewealth LLC acquired a new position in Equinix during the fourth quarter worth $137,000. Finally, Amica Retiree Medical Trust acquired a new position in Equinix during the third quarter worth $188,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) opened at $405.42 on Wednesday. The firm has a market cap of $31,322.82, a PE ratio of 21.35, a P/E/G ratio of 1.20 and a beta of 0.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.45. Equinix, Inc. has a 1 year low of $370.79 and a 1 year high of $495.35.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, February 26th will be given a dividend of $2.28 per share. The ex-dividend date is Friday, February 23rd. This represents a $9.12 annualized dividend and a yield of 2.25%. This is a positive change from Equinix’s previous quarterly dividend of $2.00. Equinix’s dividend payout ratio is presently 305.02%.
Several research firms have weighed in on EQIX. BidaskClub downgraded shares of Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Barclays reiterated a “buy” rating and issued a $500.00 target price on shares of Equinix in a report on Friday, February 16th. Credit Suisse Group set a $515.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Tuesday, December 12th. Wells Fargo & Co lowered their target price on shares of Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, Guggenheim set a $515.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Equinix currently has a consensus rating of “Buy” and an average price target of $499.00.
In related news, Director Irving F. Lyons III sold 5,296 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $390.41, for a total transaction of $2,067,611.36. Following the completion of the transaction, the director now owns 24,788 shares in the company, valued at $9,677,483.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen M. Smith sold 10,706 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total transaction of $4,743,828.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,482 shares of company stock valued at $15,507,697. 0.58% of the stock is owned by company insiders.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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