Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,116 shares of the financial services provider's stock after acquiring an additional 1,351 shares during the period. Equinix accounts for approximately 0.9% of Motley Fool Asset Management LLC's portfolio, making the stock its 24th biggest holding. Motley Fool Asset Management LLC's holdings in Equinix were worth $18,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new position in Equinix in the 4th quarter valued at $31,000. J.Safra Asset Management Corp acquired a new position in Equinix in the fourth quarter valued at $39,000. Sierra Ocean LLC purchased a new position in Equinix during the fourth quarter worth about $42,000. Dunhill Financial LLC lifted its position in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares during the period. Finally, Thompson Investment Management Inc. acquired a new stake in Equinix in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles J. Meyers sold 5,788 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares of the company's stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EQIX shares. Mizuho cut their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Scotiabank boosted their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a "sector outperform" rating in a research note on Monday, March 3rd. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price objective for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company reduced their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $1,007.59.

Equinix Stock Up 1.8 %

Equinix stock traded up $13.60 during midday trading on Tuesday, hitting $761.34. 267,408 shares of the stock were exchanged, compared to its average volume of 552,370. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $74.10 billion, a P/E ratio of 89.38, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a 50 day moving average price of $880.41 and a two-hundred day moving average price of $905.96.

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

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio is 219.42%.

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.