Ensign Peak Advisors Inc increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,821 shares of the financial services provider's stock after acquiring an additional 2,939 shares during the period. Ensign Peak Advisors Inc owned approximately 0.07% of Equinix worth $63,005,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its holdings in shares of Equinix by 61.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock worth $7,946,000 after purchasing an additional 3,212 shares during the period. Bank of New York Mellon Corp raised its position in shares of Equinix by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after acquiring an additional 2,560 shares in the last quarter. National Pension Service lifted its position in shares of Equinix by 1.3% in the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after buying an additional 3,164 shares during the last quarter. Empowered Funds LLC lifted its holdings in Equinix by 19.2% in the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after acquiring an additional 404 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in Equinix by 43.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,575 shares of the financial services provider's stock worth $11,856,000 after buying an additional 3,839 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
Insider Buying and Selling
In other news, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on 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 owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,167 shares of company stock worth $6,658,536. 0.27% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company cut their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Scotiabank cut their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. New Street Research raised shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, May 1st. 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $1,004.89.
Check Out Our Latest Research Report on Equinix
Equinix Trading Up 0.7%
EQIX stock traded up $6.20 during midday trading on Thursday, reaching $865.41. The company's stock had a trading volume of 151,771 shares, compared to its average volume of 526,200. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $84.65 billion, a PE ratio of 101.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business's 50-day simple moving average is $823.93 and its 200-day simple moving average is $893.38. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.
Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $8.86 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.
Equinix Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.17%. Equinix's dividend payout ratio (DPR) is presently 195.01%.
Equinix Company Profile
(
Free Report)
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.
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