Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Capital International Ltd. CA

Capital International Ltd. CA lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,737 shares of the financial services provider’s stock after acquiring an additional 14 shares during the period. Capital International Ltd. CA’s holdings in Equinix were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC purchased a new position in shares of Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in Equinix during the 4th quarter worth approximately $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix in the 4th quarter valued at approximately $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix during the fourth quarter worth $47,000. Finally, Key Financial Inc increased its holdings in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after buying an additional 14 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX stock opened at $790.15 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 92.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The stock has a 50 day simple moving average of $847.77 and a 200-day simple moving average of $897.45.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts’ consensus estimates 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 219.42%.

Insider Buying and Selling at Equinix

In other Equinix news, 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 transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of 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 7,040 shares of company stock valued at $6,547,068. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EQIX shares. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price target on shares of 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. Cfra Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Finally, Oppenheimer lifted 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. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,005.50.

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.