Mariner LLC Grows Stake in Equinix, Inc. (NASDAQ:EQIX)

Mariner LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,389 shares of the financial services provider's stock after purchasing an additional 1,963 shares during the period. Mariner LLC owned about 0.07% of Equinix worth $66,361,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EQIX. Kestra Investment Management LLC bought a new stake in Equinix during the fourth quarter valued at about $31,000. J.Safra Asset Management Corp purchased a new position in shares of Equinix during the 4th quarter valued at about $39,000. Sierra Ocean LLC bought a new position in shares of Equinix during the 4th quarter valued at approximately $42,000. Thompson Investment Management Inc. bought a new stake in Equinix during the 4th quarter worth approximately $47,000. Finally, Key Financial Inc lifted 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 purchasing an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial cut their target price 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. BMO Capital Markets lowered their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Barclays boosted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Scotiabank increased their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Two research 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. Based on data from MarketBeat, Equinix currently has an average rating of "Buy" and a consensus price target of $1,005.50.

Equinix Trading Up 1.5 %

Equinix stock traded up $11.48 during mid-day trading on Friday, hitting $790.15. The company's stock had a trading volume of 479,695 shares, compared to its average volume of 553,432. The stock has a market cap of $77.29 billion, a PE ratio of 92.42, 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 quick ratio of 1.63 and a current ratio of 1.63. The company has a 50 day moving average of $850.84 and a 200-day moving average of $898.09.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, research analysts anticipate 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. Stockholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.37%. Equinix's dividend payout ratio is presently 219.42%.

Insider Activity

In other Equinix news, 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 sale, the chief financial officer now owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,040 shares of company stock worth $6,547,068. Company insiders own 0.27% of the company's stock.

Equinix Company 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.