Equinix, Inc. (NASDAQ:EQIX) Position Reduced by Partners Group Holding AG

Partners Group Holding AG reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,819 shares of the financial services provider's stock after selling 7,303 shares during the period. Equinix makes up approximately 1.6% of Partners Group Holding AG's holdings, making the stock its 12th largest holding. Partners Group Holding AG's holdings in Equinix were worth $44,145,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Equinix by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after buying an additional 88,654 shares during the period. Napatree Capital LLC acquired a new position in shares of Equinix during the 4th quarter valued at $241,000. LPL Financial LLC boosted its position in Equinix by 5.7% during the 4th quarter. LPL Financial LLC now owns 33,554 shares of the financial services provider's stock worth $31,638,000 after purchasing an additional 1,823 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Equinix during the 4th quarter worth $31,368,000. Finally, Mizuho Securities USA LLC increased its holdings in Equinix by 48.5% in the 4th quarter. Mizuho Securities USA LLC now owns 9,145 shares of the financial services provider's stock valued at $8,623,000 after purchasing an additional 2,988 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EQIX. Scotiabank upped their target price on Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Barclays upped their price target on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Royal Bank of Canada upped their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Equinix currently has a consensus rating of "Buy" and a consensus price target of $990.06.

Equinix Stock Performance

Shares of NASDAQ:EQIX traded down $11.22 during trading on Tuesday, reaching $841.22. 435,547 shares of the company's stock traded hands, compared to its average volume of 519,944. The stock has a market capitalization of $81.88 billion, a P/E ratio of 98.39, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a 50 day moving average of $902.62 and a 200-day moving average of $909.60. 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 (NASDAQ:EQIX - Get Free Report) last posted its 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%. On average, equities analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.23%. Equinix's payout ratio is 219.42%.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This trade represents a 7.55 % 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 worth $17,466,950. Insiders own 0.27% of the company's stock.

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.