Oppenheimer & Co. Inc. Has $7.95 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Oppenheimer & Co. Inc. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 61.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,427 shares of the financial services provider's stock after purchasing an additional 3,212 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Equinix were worth $7,946,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Investors Management Corp boosted its stake in Equinix by 0.4% in the fourth quarter. Heritage Investors Management Corp now owns 28,210 shares of the financial services provider's stock valued at $26,599,000 after acquiring an additional 121 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Equinix by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,274 shares of the financial services provider's stock worth $7,801,000 after purchasing an additional 119 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Equinix by 1.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,224 shares of the financial services provider's stock valued at $1,154,000 after purchasing an additional 20 shares during the period. National Pension Service grew its stake in Equinix by 1.3% during the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after buying an additional 3,164 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in Equinix by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock worth $713,000 after buying an additional 12 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Scotiabank raised their target price on Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a research note on Monday. JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target 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. Oppenheimer lifted their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Truist Financial increased their price objective on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, November 29th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $995.24.

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 222 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the transaction, the insider now directly owns 1,015 shares in the company, valued at approximately $976,633. The trade was a 17.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,241 shares of company stock valued at $20,531,762 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Price Performance

Equinix stock traded up $5.96 during mid-day trading on Monday, hitting $910.58. The company's stock had a trading volume of 543,781 shares, compared to its average volume of 540,526. The stock has a market capitalization of $88.63 billion, a P/E ratio of 106.50, a P/E/G ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock's fifty day moving average price is $928.20 and its two-hundred day moving average price is $905.68. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

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, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Research 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. Shareholders of record on Wednesday, February 26th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.06%. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.

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.