World Investment Advisors acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 915 shares of the financial services provider's stock, valued at approximately $862,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake 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 purchasing an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Equinix by 0.4% during the fourth 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 during the last quarter. National Pension Service increased its position in shares of Equinix by 1.3% during the fourth quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after acquiring an additional 3,164 shares in the last quarter. Empowered Funds LLC increased its position in shares of Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after acquiring an additional 404 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Equinix by 46.1% in the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider's stock worth $278,712,000 after acquiring an additional 92,975 shares during the last quarter. Institutional investors own 94.94% of the company's stock.
Equinix Stock Performance
NASDAQ:EQIX traded up $6.09 during trading hours on Friday, reaching $776.83. The stock had a trading volume of 513,907 shares, compared to its average volume of 554,648. The stock has a 50 day simple moving average of $863.06 and a 200 day simple moving average of $900.92. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The stock has a market cap of $75.61 billion, a P/E ratio of 90.86, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.
Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping 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%. On average, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.
Equinix Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $4.69 dividend. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.
Analyst Upgrades and Downgrades
A number of analysts have commented on EQIX shares. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Barclays lifted their target price on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. BMO Capital Markets dropped their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,007.59.
Read Our Latest Analysis on Equinix
Insider Activity
In other news, insider Kurt Pletcher sold 341 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now directly owns 17,669 shares in the company, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is owned by corporate insiders.
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.
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