Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,460 shares of the financial services provider’s stock after selling 188 shares during the period. Calamos Advisors LLC’s holdings in Equinix were worth $11,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EQIX. Sequoia Financial Advisors LLC raised its holdings in shares of Equinix by 15.5% during the first quarter. Sequoia Financial Advisors LLC now owns 687 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 92 shares during the period. Baird Financial Group Inc. boosted its stake in Equinix by 5.3% during the 1st quarter. Baird Financial Group Inc. now owns 1,169 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 59 shares during the period. Brown Brothers Harriman & Co. grew its position in Equinix by 182.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 263 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 170 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Equinix by 10.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 16 shares during the last quarter. Finally, Covestor Ltd grew its position in Equinix by 300.0% in the 1st quarter. Covestor Ltd now owns 172 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 129 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equinix news, EVP Scott Crenshaw sold 460 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares in the company, valued at approximately $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Scott Crenshaw sold 460 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the transaction, the executive vice president now owns 1,242 shares in the company, valued at approximately $1,034,548.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders sold a total of 4,585 shares of company stock worth $3,818,268 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on EQIX shares. Royal Bank of Canada upped their target price on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Wells Fargo & Company increased their target price on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Barclays cut their target price on shares of Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research note on Wednesday. BMO Capital Markets increased their target price on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Morgan Stanley cut their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix Stock Up 1.1 %

EQIX stock opened at $748.00 on Friday. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $70.78 billion, a price-to-earnings ratio of 72.55, a PEG ratio of 1.92 and a beta of 0.58. The company has a 50 day moving average of $833.57 and a two-hundred day moving average of $801.57.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.28%. Equinix’s payout ratio is 165.28%.

Equinix 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.