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

Natixis Advisors LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,170 shares of the financial services provider's stock after purchasing an additional 1,202 shares during the quarter. Natixis Advisors LLC owned 0.05% of Equinix worth $46,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQIX. Principal Financial Group Inc. lifted its holdings in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after purchasing an additional 5,910 shares during the period. OneDigital Investment Advisors LLC purchased a new position in Equinix during the third quarter valued at approximately $224,000. CIBC Asset Management Inc raised its position in Equinix by 8.1% during the third quarter. CIBC Asset Management Inc now owns 13,987 shares of the financial services provider's stock valued at $12,415,000 after acquiring an additional 1,053 shares in the last quarter. Empowered Funds LLC raised its position in Equinix by 8.9% during the third quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider's stock valued at $1,864,000 after acquiring an additional 171 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC purchased a new position in Equinix during the third quarter valued at approximately $861,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 341 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,054 shares of company stock valued at $17,466,950. Corporate insiders own 0.27% of the company's stock.

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Analyst Ratings Changes

EQIX has been the subject of several recent research reports. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Oppenheimer boosted their price objective on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $990.06.

Equinix Trading Down 0.4 %

Shares of Equinix stock traded down $3.61 during trading hours on Thursday, hitting $851.72. The company's stock had a trading volume of 532,383 shares, compared to its average volume of 529,094. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The firm has a fifty day moving average of $906.85 and a 200-day moving average of $908.67. The stock has a market cap of $82.90 billion, a price-to-earnings ratio of 99.62, a P/E/G ratio of 1.78 and a beta of 0.74. 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 announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.20%. Equinix's dividend payout ratio is presently 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.