Fmr LLC Raises Position in Equinix, Inc. (NASDAQ:EQIX)

FMR LLC grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,264,958 shares of the financial services provider's stock after buying an additional 81,144 shares during the quarter. FMR LLC owned 2.35% of Equinix worth $2,135,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. Principal Financial Group Inc. boosted its holdings in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock valued at $1,681,256,000 after purchasing an additional 5,910 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Equinix by 18.2% in the third quarter. IHT Wealth Management LLC now owns 714 shares of the financial services provider's stock valued at $633,000 after buying an additional 110 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Equinix by 2.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,600 shares of the financial services provider's stock valued at $2,310,000 after buying an additional 53 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Equinix in the third quarter valued at about $276,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

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Equinix Trading Up 0.8 %

NASDAQ EQIX traded up $6.09 during trading hours on Friday, hitting $776.83. 513,907 shares of the company's stock were exchanged, compared to its average volume of 554,648. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $863.06 and a 200 day simple moving average of $900.92. The firm has a market cap of $75.61 billion, a price-to-earnings ratio of 90.86, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed 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 represents a $18.76 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is 219.42%.

Analyst Ratings Changes

EQIX has been the topic of several research reports. Oppenheimer lifted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Truist Financial lowered 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. Finally, Mizuho cut their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Two equities 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $1,007.59.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction on 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 sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,054 shares of company stock valued at $17,466,950 in the last three months. Corporate insiders own 0.27% of the company's stock.

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.