Massachusetts Financial Services Co. MA Has $345.11 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Massachusetts Financial Services Co. MA boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 366,013 shares of the financial services provider's stock after buying an additional 2,561 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.38% of Equinix worth $345,110,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Equinix by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after purchasing an additional 5,910 shares in the last quarter. Edgestream Partners L.P. increased its stake in Equinix by 61.3% in the 3rd quarter. Edgestream Partners L.P. now owns 792 shares of the financial services provider's stock valued at $703,000 after buying an additional 301 shares during the last quarter. Holocene Advisors LP lifted its position in Equinix by 157.8% during the 3rd quarter. Holocene Advisors LP now owns 7,109 shares of the financial services provider's stock worth $6,310,000 after buying an additional 4,351 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Equinix by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 369,641 shares of the financial services provider's stock worth $328,151,000 after buying an additional 2,466 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in shares of Equinix by 51.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 3,241 shares of the financial services provider's stock valued at $2,877,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial reduced their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Scotiabank increased their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a research note on Monday, March 3rd. Finally, Citizens Jmp raised Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $1,007.59.

Insider Activity at Equinix

In other news, CEO Adaire Fox-Martin sold 1,370 shares of Equinix stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.51, for a total value of $1,246,028.70. Following the transaction, the chief executive officer now owns 4,329 shares in the company, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock valued at $17,466,950 over the last three months. 0.27% of the stock is owned by insiders.

Equinix Price Performance

NASDAQ:EQIX traded down $24.43 during trading hours on Monday, reaching $741.78. 304,955 shares of the company were exchanged, compared to its average volume of 551,052. The company has a market capitalization of $72.20 billion, a P/E ratio of 85.95, a P/E/G ratio of 1.78 and a beta of 0.95. 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 business has a 50 day moving average of $883.46 and a 200 day moving average of $906.83. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating 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 EPS for the current 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 given a dividend of $4.69 per share. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.53%. Equinix's dividend payout ratio (DPR) is currently 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.