2,561 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Allianz SE

Allianz SE acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,561 shares of the financial services provider's stock, valued at approximately $2,397,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Equinix during the fourth quarter worth $1,067,270,000. Raymond James Financial Inc. acquired a new stake in Equinix during the 4th quarter worth about $328,899,000. Adelante Capital Management LLC lifted its holdings in Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock valued at $456,441,000 after acquiring an additional 344,114 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Equinix during the 4th quarter worth approximately $246,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after purchasing an additional 203,656 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EQIX. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Mizuho cut their price objective on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company decreased their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $1,007.59.

Equinix Trading Down 3.0 %

EQIX stock traded down $25.32 during trading on Thursday, reaching $806.23. 334,773 shares of the stock were exchanged, compared to its average volume of 546,289. The business has a 50 day moving average price of $889.74 and a 200-day moving average price of $907.72. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $78.47 billion, a price-to-earnings ratio of 94.30, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.33%. Equinix's dividend payout ratio (DPR) is currently 219.42%.

Insider Activity

In related news, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the transaction, the executive vice president now owns 6,579 shares of the company's stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares of the company's stock, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,054 shares of company stock valued at $17,466,950. Company insiders own 0.27% of the company's stock.

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.