Equinix, Inc. (NASDAQ:EQIX) Shares Bought by LGT Group Foundation

LGT Group Foundation grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,028 shares of the financial services provider's stock after buying an additional 511 shares during the quarter. LGT Group Foundation's holdings in Equinix were worth $22,656,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EQIX. Jones Financial Companies Lllp grew its stake in shares of Equinix by 71.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,370 shares of the financial services provider's stock valued at $1,292,000 after buying an additional 571 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Equinix by 107.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 83 shares of the financial services provider's stock worth $78,000 after acquiring an additional 43 shares during the period. Norden Group LLC acquired a new stake in Equinix in the fourth quarter valued at approximately $226,000. Smartleaf Asset Management LLC raised its stake in shares of Equinix by 55.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,294 shares of the financial services provider's stock valued at $1,211,000 after purchasing an additional 461 shares during the period. Finally, Capital Wealth Planning LLC lifted its position in shares of Equinix by 74.8% during the fourth quarter. Capital Wealth Planning LLC now owns 243 shares of the financial services provider's stock worth $229,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Keith D. Taylor sold 2,454 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the transaction, the chief financial officer now owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,241 shares of company stock worth $20,531,762. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $5.96 during midday trading on Monday, hitting $910.58. The company's stock had a trading volume of 547,203 shares, compared to its average volume of 540,630. The firm has a market cap of $88.63 billion, a P/E ratio of 106.50, a P/E/G ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The firm's fifty day moving average price is $928.20 and its 200-day moving average price is $905.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

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, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.06%. Equinix's dividend payout ratio (DPR) is currently 219.42%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, November 29th. Stifel Nicolaus raised their target price on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Scotiabank increased their price target on Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a report on Monday. Finally, Citizens Jmp upgraded Equinix to a "strong-buy" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $995.24.

About Equinix

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.