Lbp Am Sa Has $27.89 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

LBP AM SA boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 356.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,576 shares of the financial services provider's stock after buying an additional 23,098 shares during the period. LBP AM SA's holdings in Equinix were worth $27,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in Equinix during the fourth quarter worth about $31,000. J.Safra Asset Management Corp bought a new position in shares of Equinix in the fourth quarter valued at $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix in the 4th quarter worth $42,000. Dunhill Financial LLC lifted its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter valued at $47,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

Shares of EQIX stock traded down $15.99 during trading on Tuesday, reaching $841.26. The company had a trading volume of 691,896 shares, compared to its average volume of 528,934. The firm's 50 day simple moving average is $910.74 and its two-hundred day simple moving average is $909.00. 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. The company has a market capitalization of $81.88 billion, a PE ratio of 98.39, a PEG ratio of 1.78 and a beta of 0.74.

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Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating 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%. Sell-side analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.23%. 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%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 341 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the transaction, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock valued at $17,466,950 in the last quarter. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EQIX shares. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Barclays upped their target price on Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Royal Bank of Canada boosted their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, 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 research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $989.35.

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.