Motco Has $236,000 Stock Holdings in Equinix Inc (NASDAQ:EQIX)

Motco reduced its stake in Equinix Inc (NASDAQ:EQIX) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404 shares of the financial services provider’s stock after selling 19 shares during the period. Motco’s holdings in Equinix were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Equinix by 0.4% in the fourth quarter. State Street Corp now owns 3,488,459 shares of the financial services provider’s stock valued at $2,036,214,000 after buying an additional 14,683 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Equinix by 9.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,137,970 shares of the financial services provider’s stock worth $664,233,000 after buying an additional 102,297 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Equinix by 16.5% in the third quarter. Pictet Asset Management Ltd. now owns 759,710 shares of the financial services provider’s stock worth $438,201,000 after acquiring an additional 107,692 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Equinix by 7.8% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 461,555 shares of the financial services provider’s stock worth $269,410,000 after acquiring an additional 33,237 shares during the period. Finally, California Public Employees Retirement System raised its position in Equinix by 3.6% in the fourth quarter. California Public Employees Retirement System now owns 446,360 shares of the financial services provider’s stock worth $260,540,000 after acquiring an additional 15,326 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

In other Equinix news, CEO Charles J. Meyers sold 5,562 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $592.53, for a total transaction of $3,295,651.86. Following the sale, the chief executive officer now directly owns 8,567 shares of the company’s stock, valued at approximately $5,076,204.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 200 shares of Equinix stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $557.29, for a total value of $111,458.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,159 shares of company stock valued at $10,149,833. 0.49% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on EQIX shares. Oppenheimer raised their price target on shares of Equinix from $550.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. UBS Group upped their price objective on Equinix from $630.00 to $695.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub raised Equinix from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Cfra raised their target price on Equinix from $590.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets restated a “positive” rating and issued a $665.00 target price on shares of Equinix in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and a consensus target price of $613.55.

EQIX opened at $648.65 on Friday. The business’s fifty day simple moving average is $593.77 and its 200 day simple moving average is $565.00. Equinix Inc has a 52 week low of $399.57 and a 52 week high of $636.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.33. The stock has a market cap of $51.41 billion, a PE ratio of 27.82, a P/E/G ratio of 2.11 and a beta of 0.64.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.10). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Equinix had a return on equity of 5.87% and a net margin of 9.12%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS. As a group, equities analysts anticipate that Equinix Inc will post 22.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $2.66 per share. The ex-dividend date is Tuesday, February 25th. This is a boost from Equinix’s previous quarterly dividend of $2.46. This represents a $10.64 annualized dividend and a dividend yield of 1.64%. Equinix’s payout ratio is 43.14%.

Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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