Triglav Skladi D.O.O. Makes New $9.37 Million Investment in Equinix, Inc. (NASDAQ:EQIX)

Triglav Skladi D.O.O. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,932 shares of the financial services provider’s stock, valued at approximately $9,365,000.

A number of other hedge funds also recently added to or reduced their stakes in EQIX. JPMorgan Chase & Co. raised its holdings in shares of Equinix by 17.9% in 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 purchasing an additional 203,656 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Equinix in the 4th quarter valued at $223,000. Park Avenue Securities LLC raised its holdings in shares of Equinix by 10.3% in the 4th quarter. Park Avenue Securities LLC now owns 1,898 shares of the financial services provider’s stock valued at $1,790,000 after purchasing an additional 178 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Equinix by 20.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,607 shares of the financial services provider’s stock valued at $1,515,000 after purchasing an additional 271 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 12 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQIX. BMO Capital Markets reduced their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Citigroup raised their price objective on shares of Equinix from $970.00 to $990.00 and gave the company a “buy” rating in a report on Monday, May 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. Barclays lifted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,004.89.

Insider Buying and Selling

In related news, Chairman Charles J. Meyers sold 3,562 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the sale, the chairman now owns 15,513 shares of the company’s stock, valued at approximately $14,412,197.52. The trade was a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the sale, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,167 shares of company stock valued at $6,658,536. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Up 1.0%

Shares of NASDAQ:EQIX opened at $875.92 on Monday. The company has a market cap of $85.68 billion, a price-to-earnings ratio of 102.45, a PEG ratio of 1.78 and a beta of 0.97. 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 quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend 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.