Susquehanna Fundamental Investments LLC Invests $17.26 Million in Equinix, Inc. (NASDAQ:EQIX)

Susquehanna Fundamental Investments LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,304 shares of the financial services provider’s stock, valued at approximately $17,259,000.

Other institutional investors have also added to or reduced their stakes in the company. Inspire Trust Co. N.A. increased its stake in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 11 shares during the last quarter. Rothschild Investment LLC increased its position in shares of Equinix by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock valued at $543,000 after acquiring an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 11 shares in the last quarter. Ritholtz Wealth Management boosted its position in Equinix by 1.8% during the fourth 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 during the last quarter. Finally, Great Lakes Retirement Inc. grew its stake in Equinix by 1.2% in the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 12 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of Equinix 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 sale, the chief financial officer now owns 24,402 shares of the company’s stock, valued at $22,677,754.68. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company’s 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 sale, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lowered their price target on Equinix from $1,020.00 to $970.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Barclays increased their price target on Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets decreased 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. Cfra Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th. Finally, Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,004.94.

Equinix Stock Up 2.6 %

EQIX stock opened at $838.10 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The stock has a market capitalization of $81.98 billion, a P/E ratio of 98.02, a P/E/G ratio of 1.78 and a beta of 0.95. The business has a fifty day moving average price of $835.22 and a 200-day moving average price of $895.02.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.24%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix’s dividend payout ratio is currently 219.42%.

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.