Nisa Investment Advisors LLC Has $20.19 Million Stake in Equinix, Inc. $EQIX

Nisa Investment Advisors LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,352 shares of the financial services provider’s stock after selling 14,403 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Equinix were worth $20,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. increased its holdings in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of Equinix by 209.1% in the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Equinix during the third quarter worth about $37,000. Cornerstone Planning Group LLC boosted its position in shares of Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after buying an additional 13 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in shares of Equinix by 65.6% during the third quarter. Westside Investment Management Inc. now owns 53 shares of the financial services provider’s stock worth $41,000 after buying an additional 21 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In related news, CFO Keith D. Taylor sold 2,051 shares of Equinix stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the completion of the sale, the chief financial officer owned 26,373 shares of the company’s stock, valued at approximately $21,208,375.41. The trade was a 7.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 2,716 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $965.15, for a total transaction of $2,621,347.40. Following the completion of the transaction, the chairman owned 12,594 shares in the company, valued at approximately $12,155,099.10. This trade represents a 17.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 16,842 shares of company stock valued at $14,494,840. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX opened at $980.24 on Wednesday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $992.90. The firm has a market capitalization of $96.31 billion, a price-to-earnings ratio of 71.29, a P/E/G ratio of 2.48 and a beta of 1.04. The stock’s 50 day moving average price is $914.67 and its two-hundred day moving average price is $830.18. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.40.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 EPS for the quarter, missing the consensus estimate of $9.07 by ($0.16). The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. Equinix had a return on equity of 9.60% and a net margin of 14.65%.During the same quarter in the prior year, the firm posted $7.92 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date of this dividend was Wednesday, February 25th. Equinix’s dividend payout ratio (DPR) is presently 150.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EQIX shares. The Goldman Sachs Group lifted their target price on Equinix from $785.00 to $894.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Sanford C. Bernstein began coverage on shares of Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price objective on the stock. Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, February 12th. Finally, Scotiabank restated an “outperform” rating on shares of Equinix in a report on Thursday, February 12th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,016.86.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.