Proficio Capital Partners LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 246,187 shares of the financial services provider's stock, valued at approximately $246,000. Proficio Capital Partners LLC owned approximately 0.26% of Equinix as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in Equinix by 61.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after buying an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp increased its position in Equinix by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after buying an additional 2,560 shares in the last quarter. National Pension Service increased its position in Equinix by 1.3% during the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock valued at $229,263,000 after buying an additional 3,164 shares in the last quarter. Brookfield Corp ON increased its position in Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock valued at $71,685,000 after buying an additional 32,481 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Equinix by 19.2% during the 4th quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock valued at $2,361,000 after buying an additional 404 shares in the last quarter. Institutional investors own 94.94% of the company's stock.
Equinix Stock Performance
EQIX stock opened at $836.24 on Wednesday. The company has a market cap of $81.39 billion, a P/E ratio of 97.81, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. 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 stock's fifty day moving average price is $918.81 and its 200-day moving average price is $908.19.
Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share 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 forecast 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 will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.24%. Equinix's payout ratio is 219.42%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research 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 company an "outperform" rating in a research note on Wednesday, December 11th. Oppenheimer increased their target price on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $989.35.
Check Out Our Latest Report on EQIX
Insider Activity at Equinix
In other Equinix news, CEO Adaire Fox-Martin sold 1,370 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the sale, the chief executive officer now directly owns 4,329 shares of the company's stock, valued at $3,937,268.79. This trade represents a 24.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the firm's stock in a transaction dated 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 directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company's stock.
About Equinix
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).
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