Zimmer Partners LP lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,665 shares of the financial services provider’s stock after selling 82,435 shares during the period. Equinix comprises about 4.3% of Zimmer Partners LP’s portfolio, making the stock its 7th largest position. Zimmer Partners LP owned about 0.50% of Equinix worth $178,417,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in EQIX. Whittier Trust Co. raised its holdings in shares of Equinix by 191.5% in the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 157 shares during the last quarter. Zions Bancorporation increased 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 purchased a new stake in Equinix during the fourth quarter worth about $121,000. Truewealth LLC purchased a new stake in Equinix during the fourth quarter worth about $137,000. Finally, Amica Retiree Medical Trust purchased a new stake in Equinix during the third quarter worth about $188,000. Institutional investors own 96.13% of the company’s stock.
Equinix, Inc. (EQIX) opened at $406.50 on Wednesday. The firm has a market cap of $31,322.82, a PE ratio of 21.35, a PEG ratio of 1.20 and a beta of 0.56. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.81 and a quick ratio of 1.81. Equinix, Inc. has a 12 month low of $370.79 and a 12 month high of $495.35.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be paid a $2.28 dividend. This is an increase from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $9.12 annualized dividend and a dividend yield of 2.24%. Equinix’s dividend payout ratio (DPR) is presently 305.02%.
In other news, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the transaction, the insider now directly owns 925 shares in the company, valued at $427,747.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Camp Peter Van sold 583 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $390.51, for a total transaction of $227,667.33. Following the completion of the transaction, the chief executive officer now owns 7,554 shares of the company’s stock, valued at $2,949,912.54. The disclosure for this sale can be found here. Insiders sold 36,482 shares of company stock valued at $15,507,697 in the last quarter. Corporate insiders own 0.58% of the company’s stock.
EQIX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. BidaskClub downgraded shares of Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Credit Suisse Group set a $515.00 price objective on shares of Equinix and gave the stock a “buy” rating in a report on Tuesday, December 12th. Barclays restated a “buy” rating and set a $500.00 price objective on shares of Equinix in a report on Friday, February 16th. Finally, Guggenheim set a $515.00 price objective on shares of Equinix and gave the stock a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $499.00.
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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