Sei Investments Co. Has $247.65 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Sei Investments Co. lessened its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262,655 shares of the financial services provider's stock after selling 9,384 shares during the quarter. Sei Investments Co. owned 0.27% of Equinix worth $247,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. State Street Corp increased its stake in shares of Equinix by 1.4% in the third quarter. State Street Corp now owns 5,826,082 shares of the financial services provider's stock worth $5,171,405,000 after acquiring an additional 81,941 shares during the last quarter. Geode Capital Management LLC increased its position in Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock worth $2,079,591,000 after purchasing an additional 33,277 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Equinix by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,938,572 shares of the financial services provider's stock worth $1,827,847,000 after purchasing an additional 44,471 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after buying an additional 203,656 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Equinix by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,962 shares of the financial services provider's stock valued at $1,107,860,000 after buying an additional 40,791 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EQIX shares. Royal Bank of Canada raised 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. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 13th. Barclays raised their target price on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Truist Financial decreased their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Oppenheimer upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $990.06.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.71, for a total value of $1,202,838.01. Following the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 1,370 shares of the firm's stock in a transaction that occurred on 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 approximately $3,937,268.79. The trade was a 24.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,054 shares of company stock valued at $17,466,950 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

EQIX traded down $3.88 during trading on Tuesday, reaching $848.56. 163,522 shares of the company's stock were exchanged, compared to its average volume of 615,143. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a market capitalization of $82.59 billion, a P/E ratio of 99.10, a PEG ratio of 1.78 and a beta of 0.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $902.62 and a 200 day moving average price of $909.60.

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

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio (DPR) is 219.42%.

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.