CenterBook Partners LP Has $3.26 Million Position in Equinix, Inc. (NASDAQ:EQIX)

CenterBook Partners LP boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 148.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,461 shares of the financial services provider's stock after buying an additional 2,067 shares during the quarter. CenterBook Partners LP's holdings in Equinix were worth $3,263,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Waddell & Associates LLC raised its position in shares of Equinix by 14.6% during the 4th quarter. Waddell & Associates LLC now owns 454 shares of the financial services provider's stock valued at $428,000 after acquiring an additional 58 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in Equinix by 5.7% in the fourth quarter. Texas Yale Capital Corp. now owns 463 shares of the financial services provider's stock valued at $437,000 after buying an additional 25 shares during the period. APG Asset Management N.V. bought a new position in Equinix during the fourth quarter worth about $59,062,000. Bank of Nova Scotia grew its position in shares of Equinix by 511.1% during the 4th quarter. Bank of Nova Scotia now owns 75,194 shares of the financial services provider's stock worth $70,900,000 after buying an additional 62,889 shares during the period. Finally, FIL Ltd increased its stake in shares of Equinix by 42.7% in the 4th quarter. FIL Ltd now owns 47,066 shares of the financial services provider's stock valued at $44,378,000 after acquiring an additional 14,091 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

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Equinix Stock Performance

EQIX stock traded up $6.58 during trading hours on Tuesday, reaching $790.45. The stock had a trading volume of 122,035 shares, compared to its average volume of 553,455. The stock has a market capitalization of $76.94 billion, a PE ratio of 92.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The stock has a 50-day simple moving average of $860.01 and a 200 day simple moving average of $900.38. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week 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 announced its quarterly 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 return on equity of 6.31% and a net margin of 9.32%. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 1,331 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the transaction, the executive vice president now owns 6,579 shares in the company, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 341 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 1,430 shares of the company's stock, valued at approximately $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 19,054 shares of company stock worth $17,466,950 in the last ninety days. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EQIX. Mizuho decreased their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Oppenheimer upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Cfra Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Wells Fargo & Company dropped their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $1,007.59.

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.