Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc lifted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 434.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 486 shares of the financial services provider's stock after buying an additional 395 shares during the quarter. IFP Advisors Inc's holdings in Equinix were worth $459,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in Equinix during the 4th quarter worth $42,000. 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 valued at $43,000 after purchasing an additional 25 shares in the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Equinix during the 4th quarter worth approximately $47,000. Finally, Key Financial Inc lifted its stake in Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 0.5 %

EQIX stock traded up $4.35 during midday trading on Tuesday, reaching $914.93. 347,034 shares of the company's stock traded hands, compared to its average volume of 535,565. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The business has a 50-day moving average price of $927.62 and a two-hundred day moving average price of $906.25. The company has a market capitalization of $89.05 billion, a P/E ratio of 107.01, a PEG ratio of 1.78 and a beta of 0.72.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results 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%. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently declared 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. This represents a $18.76 dividend on an annualized basis and a yield of 2.05%. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.

Insider Activity

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 directly owns 22,076 shares in the company, valued at $20,085,186.32. This represents a 12.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,054 shares of company stock worth $17,466,950 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EQIX. Stifel Nicolaus boosted their price target on Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Scotiabank raised their price target 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. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Finally, BMO Capital Markets reduced their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $995.24.

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.