Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,804,227 shares of the financial services provider's stock after buying an additional 401,991 shares during the period. Wellington Management Group LLP owned 1.85% of Equinix worth $1,701,188,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EQIX. Norges Bank purchased a new stake in shares of Equinix in the fourth quarter valued at $1,067,270,000. Raymond James Financial Inc. acquired a new stake in Equinix in the 4th quarter worth about $328,899,000. Adelante Capital Management LLC grew its holdings in Equinix by 202.3% in the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock valued at $456,441,000 after buying an additional 344,114 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Equinix during the 4th quarter valued at about $246,000. Finally, JPMorgan Chase & Co. increased its stake 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 acquiring an additional 203,656 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Down 1.9 %

Equinix stock traded down $15.25 during midday trading on Friday, hitting $786.19. 220,979 shares of the stock were exchanged, compared to its average volume of 642,729. 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 company has a 50 day moving average price of $886.95 and a two-hundred day moving average price of $906.99. The firm has a market cap of $76.52 billion, a P/E ratio of 91.85, a P/E/G 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.

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Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping 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, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is 219.42%.

Insider Activity at Equinix

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 22,076 shares of the company's stock, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 6,579 shares of the company's stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock valued at $17,466,950 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EQIX shares. Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Finally, Scotiabank raised their price objective on Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $1,007.59.

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.