Capital International Sarl Purchases 831 Shares of Equinix, Inc. (NASDAQ:EQIX)

Capital International Sarl lifted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,761 shares of the financial services provider's stock after acquiring an additional 831 shares during the quarter. Capital International Sarl's holdings in Equinix were worth $11,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Kestra Investment Management LLC bought a new stake in Equinix during the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp bought a new position in Equinix in the 4th quarter worth $39,000. Sierra Ocean LLC acquired a new position in Equinix during the 4th quarter worth $42,000. Thompson Investment Management Inc. acquired a new position in Equinix during the 4th quarter worth $47,000. Finally, Key Financial Inc boosted its holdings in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 14 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 1.7 %

Shares of EQIX stock traded up $13.10 on Wednesday, reaching $804.22. 198,820 shares of the stock were exchanged, compared to its average volume of 551,331. The stock has a 50 day moving average price of $841.89 and a 200 day moving average price of $896.22. The stock has a market cap of $78.67 billion, a PE ratio of 94.06, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last issued 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%. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend 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 payout ratio is 219.42%.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Wells Fargo & Company dropped their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Finally, Mizuho cut their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, Equinix currently has an average rating of "Buy" and an average price target of $1,004.94.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the transaction, the insider now owns 8,377 shares of the company's stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now owns 24,402 shares in the company, valued at approximately $22,677,754.68. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is currently owned by company insiders.

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.