Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,147,559 shares of the financial services provider’s stock after acquiring an additional 65,104 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equinix were worth $1,082,022,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EQIX. JPMorgan Chase & Co. lifted its position in Equinix by 17.9% during the third 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 during the period. Brookstone Capital Management purchased a new position in shares of Equinix during the 4th quarter valued at about $223,000. Ritholtz Wealth Management lifted 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 buying an additional 12 shares during the period. Procyon Advisors LLC boosted its stake in shares of Equinix by 5.5% in the fourth quarter. Procyon Advisors LLC now owns 307 shares of the financial services provider’s stock worth $289,000 after buying an additional 16 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Equinix during the fourth quarter worth about $816,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 2,454 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the transaction, the chief financial officer now directly owns 24,402 shares in the company, valued at approximately $22,677,754.68. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles J. Meyers sold 3,562 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the sale, the chairman now directly owns 15,513 shares of the company’s stock, valued at approximately $14,412,197.52. This trade represents a 18.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,927 shares of company stock worth $6,431,559. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EQIX. Cfra Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Scotiabank lowered their price target on shares of Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, BNP Paribas upgraded Equinix to a “strong-buy” rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,004.65.

Equinix Trading Up 0.2%

Shares of Equinix stock opened at $877.57 on Tuesday. 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 stock’s 50 day simple moving average is $825.91 and its 200-day simple moving average is $892.56. The stock has a market cap of $85.84 billion, a P/E ratio of 102.64, a P/E/G ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, May 21st. Equinix’s dividend payout ratio is currently 195.01%.

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.