Mizuho Securities USA LLC Purchases 2,988 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mizuho Securities USA LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,145 shares of the financial services provider's stock after acquiring an additional 2,988 shares during the period. Mizuho Securities USA LLC's holdings in Equinix were worth $8,623,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EQIX. Inspire Trust Co. N.A. boosted its position in shares of Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock worth $1,509,000 after buying an additional 11 shares during the period. Rothschild Investment LLC grew its holdings in Equinix by 1.9% during the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 11 shares in the last quarter. Ritholtz Wealth Management boosted its position in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after buying an additional 12 shares during the last quarter. Great Lakes Retirement Inc. lifted its stake in shares of Equinix by 1.2% in the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after acquiring an additional 12 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in Equinix by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 12 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 2,454 shares of Equinix stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is owned by insiders.

Equinix Price Performance

EQIX stock traded down $10.17 during trading on Wednesday, hitting $831.05. The company had a trading volume of 764,006 shares, compared to its average volume of 516,042. The business has a 50 day moving average of $901.48 and a 200 day moving average of $909.76. The firm has a market capitalization of $80.89 billion, a price-to-earnings ratio of 97.20, a P/E/G ratio of 1.78 and a beta of 0.74. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) 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%. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.26%. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is presently 219.42%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada increased their target price on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Scotiabank boosted 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, March 3rd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Equinix presently has a consensus rating of "Buy" and an average target price of $990.06.

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.