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Country Trust Bank Sells 4,282 Shares of Equinix, Inc. $EQIX
Country Trust Bank reduced its stake in Equinix (NASDAQ:EQIX) by 9.4%, selling 4,282 shares and retaining 41,506 shares valued at $31.8 million. Despite missing quarterly earnings estimates, Equinix reported a 7% year-over-year revenue increase and raised its quarterly dividend. The stock maintains a “Moderate Buy” consensus target price of $1,016.86 from analysts, with institutional investors owning nearly 95% of its shares.