Empowered Funds LLC Grows Holdings in Equinix, Inc. (NASDAQ:EQIX)

Empowered Funds LLC raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,504 shares of the financial services provider's stock after purchasing an additional 404 shares during the period. Empowered Funds LLC's holdings in Equinix were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Trust Co. N.A. grew its holdings in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 11 shares during the period. GS Investments Inc. grew its holdings in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock valued at $2,087,000 after purchasing an additional 12 shares during the period. Ritholtz Wealth Management grew its holdings in Equinix by 1.8% during the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after purchasing an additional 12 shares during the period. GHP Investment Advisors Inc. grew its holdings in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock worth $35,000 after acquiring an additional 13 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Trading Down 0.2 %

Equinix stock traded down $2.27 during midday trading on Tuesday, reaching $931.34. The stock had a trading volume of 144,436 shares, compared to its average volume of 494,909. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The firm has a market cap of $89.86 billion, a price-to-earnings ratio of 83.97, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a fifty day moving average of $934.17 and a 200 day moving average of $898.55.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. On average, analysts anticipate that Equinix, Inc. will post 31.09 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. Shareholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.01%. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is 153.65%.

Insider Buying and Selling 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 shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares of the company's stock, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,701 shares of company stock worth $15,441,464 over the last three months. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EQIX shares. TD Cowen raised their price target on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Scotiabank cut their price target on Equinix from $1,114.00 to $1,033.00 and set a "sector outperform" rating for the company in a report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. Finally, BMO Capital Markets cut their price target on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Equinix currently has a consensus rating of "Buy" and a consensus target price of $994.82.

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.