Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 34.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,583 shares of the financial services provider’s stock after buying an additional 3,998 shares during the quarter. Vident Advisory LLC’s holdings in Equinix were worth $14,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Equinix during the fourth quarter valued at approximately $1,067,270,000. Northern Trust Corp increased its position in Equinix by 65.3% in the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider’s stock valued at $1,399,042,000 after acquiring an additional 586,034 shares during the period. Wellington Management Group LLP increased its position in Equinix by 28.7% in the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock valued at $1,701,188,000 after acquiring an additional 401,991 shares during the period. Raymond James Financial Inc. bought a new stake in Equinix during the 4th quarter valued at $328,899,000. Finally, Proficio Capital Partners LLC acquired a new position in Equinix during the 4th quarter worth $246,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EQIX. BNP Paribas raised Equinix to a “strong-buy” rating in a report on Thursday, May 1st. New Street Research raised shares of Equinix to a “strong-buy” rating in a research note on Monday, April 28th. Citigroup upped their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, May 1st. Finally, Mizuho dropped their target price on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $1,004.89.

Insider Activity at Equinix

In related news, CFO Keith D. Taylor sold 2,454 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction 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 approximately $22,677,754.68. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 127 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares in the company, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,167 shares of company stock valued at $6,658,536. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $875.92 on Monday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm’s 50 day simple moving average is $825.46 and its 200-day simple moving average is $892.63. 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 market cap of $85.68 billion, a P/E ratio of 102.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $8.86 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, May 21st. Equinix’s payout ratio is 195.01%.

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.