Equinix, Inc. (NASDAQ:EQIX) Stock Position Lessened by B&I Capital AG

B&I Capital AG lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,237 shares of the financial services provider's stock after selling 2,740 shares during the quarter. Equinix comprises approximately 11.4% of B&I Capital AG's investment portfolio, making the stock its 2nd largest holding. B&I Capital AG's holdings in Equinix were worth $35,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Equinix by 1.4% during the 3rd quarter. State Street Corp now owns 5,826,082 shares of the financial services provider's stock valued at $5,171,405,000 after purchasing an additional 81,941 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock valued at $2,079,591,000 after acquiring an additional 33,277 shares during the period. Principal Financial Group Inc. lifted its position in Equinix by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,938,572 shares of the financial services provider's stock worth $1,827,847,000 after acquiring an additional 44,471 shares during the period. JPMorgan Chase & Co. grew its stake in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Equinix by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider's stock valued at $1,006,724,000 after purchasing an additional 53,729 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Equinix stock traded up $5.96 during trading on Monday, reaching $910.58. The company had a trading volume of 547,203 shares, compared to its average volume of 540,630. The firm has a market capitalization of $88.63 billion, a PE ratio of 106.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. The firm's 50-day simple moving average is $928.20 and its 200 day simple moving average is $905.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

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

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio (DPR) is 219.42%.

Insider Transactions at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 6,579 shares of the company's stock, valued at $5,945,508.09. The trade was a 16.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,241 shares of company stock valued at $20,531,762 over the last ninety days. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on EQIX shares. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. BMO Capital Markets dropped their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Barclays boosted their target price on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $995.24.

Equinix Company 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.