FIL Ltd Has $44.38 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

FIL Ltd boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 42.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,066 shares of the financial services provider's stock after buying an additional 14,091 shares during the period. FIL Ltd's holdings in Equinix were worth $44,378,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EQIX. Kestra Investment Management LLC acquired a new stake in shares of Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in Equinix during the 4th quarter worth about $39,000. Sierra Ocean LLC purchased a new stake in Equinix during the fourth quarter valued at about $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the fourth quarter worth about $47,000. Finally, Key Financial Inc increased its position in shares of Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock worth $57,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on EQIX. Wells Fargo & Company reduced their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Truist Financial reduced their target price on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a report on Monday, March 10th. Barclays raised their price objective on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price on the stock in a research note on Thursday, March 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of "Buy" and a consensus price target of $1,007.59.

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Equinix Stock Performance

Equinix stock traded up $3.11 during trading hours on Tuesday, hitting $786.98. The stock had a trading volume of 205,008 shares, compared to its average volume of 554,332. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a market cap of $76.60 billion, a PE ratio of 92.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a 50-day moving average of $860.01 and a two-hundred day moving average of $900.38. 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 issued its 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%. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is 219.42%.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares of the company's stock, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were 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 owns 8,377 shares in the company, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,054 shares of company stock valued at $17,466,950 over the last quarter. Corporate 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.