Generali Investments CEE investicni spolecnost a.s. Purchases New Shares in Equinix, Inc. (NASDAQ:EQIX)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,620 shares of the financial services provider's stock, valued at approximately $2,470,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Oppenheimer & Co. Inc. increased its stake in Equinix by 61.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after purchasing an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Equinix by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after acquiring an additional 2,560 shares during the period. National Pension Service grew its stake in Equinix by 1.3% in the fourth quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock valued at $229,263,000 after acquiring an additional 3,164 shares during the period. Brookfield Corp ON increased its holdings in shares of Equinix by 67.3% in the third quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock worth $71,685,000 after acquiring an additional 32,481 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after purchasing an additional 404 shares during the period. Institutional investors own 94.94% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets lowered their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of 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. Stifel Nicolaus increased their target price on Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $989.35.

Equinix Stock Up 0.7 %

EQIX traded up $5.61 during trading on Tuesday, reaching $836.24. 1,092,073 shares of the stock were exchanged, compared to its average volume of 580,561. The stock has a market cap of $81.39 billion, a P/E ratio of 97.81, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. 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 stock's 50 day moving average price is $918.81 and its two-hundred day moving average price is $908.19. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) 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%. Equities analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. The ex-dividend date is Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.24%. Equinix's payout ratio is presently 219.42%.

Insider Buying and Selling at Equinix

In related news, insider Kurt Pletcher sold 341 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the transaction, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 1,370 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the sale, the chief executive officer now owns 4,329 shares of the company's stock, valued at $3,937,268.79. This trade represents a 24.04 % 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 in the last quarter. 0.27% of the stock is currently owned by insiders.

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.