18,304 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,304 shares of the financial services provider's stock, valued at approximately $17,259,000.

A number of other institutional investors have also recently added to or reduced their stakes in EQIX. Vanguard Group Inc. increased its position in shares of Equinix by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock worth $11,941,418,000 after acquiring an additional 88,654 shares during the last quarter. Geode Capital Management LLC grew its stake in Equinix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock valued at $2,269,037,000 after purchasing an additional 62,005 shares in the last quarter. FMR LLC grew its stake in Equinix by 3.7% during the 4th quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock valued at $2,135,606,000 after purchasing an additional 81,144 shares in the last quarter. Principal Financial Group Inc. grew its stake in 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 valued at $1,827,847,000 after purchasing an additional 44,471 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Equinix by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock valued at $1,793,429,000 after purchasing an additional 14,294 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

Equinix stock traded up $6.97 during mid-day trading on Tuesday, hitting $851.65. 593,015 shares of the company's stock traded hands, compared to its average volume of 548,393. The firm has a 50 day moving average price of $833.33 and a 200 day moving average price of $895.13. 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 company has a market cap of $83.31 billion, a PE ratio of 99.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03.

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 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 EPS for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.20%. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is presently 219.42%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent analyst reports. 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 research note on Thursday, March 27th. Barclays raised their price objective on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. New Street Research upgraded Equinix to a "strong-buy" rating in a research note on Monday. BMO Capital Markets lowered their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer lifted their target price on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, Equinix has a consensus rating of "Buy" and an average price target of $1,004.94.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Keith D. Taylor sold 2,454 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the completion of the sale, the chief financial officer now directly owns 24,402 shares in the company, valued at $22,677,754.68. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 in the last quarter. Corporate insiders own 0.27% of the company's stock.

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.