Groupama Asset Managment Has $38.12 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Groupama Asset Managment increased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,728 shares of the financial services provider's stock after acquiring an additional 3,594 shares during the period. Groupama Asset Managment's holdings in Equinix were worth $38,119,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Equinix during the fourth quarter worth about $31,000. J.Safra Asset Management Corp acquired a new position in Equinix in the 4th quarter valued at $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the 4th quarter valued at approximately $42,000. Dunhill Financial LLC raised its stake in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in Equinix during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent research reports. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. BMO Capital Markets dropped their price objective on 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. Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Scotiabank lifted their target price on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Equinix presently has a consensus rating of "Buy" and an average price target of $1,007.59.

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Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now owns 17,669 shares in the company, valued at $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the transaction, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

EQIX stock traded down $30.11 during trading on Thursday, hitting $801.44. 1,222,599 shares of the company's stock traded hands, compared to its average volume of 549,712. The stock has a fifty day moving average price of $889.74 and a two-hundred day moving average price of $907.72. 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, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a market capitalization of $78.01 billion, a price-to-earnings ratio of 93.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.

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, topping 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%. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio 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.