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

Triglav Skladi D.O.O. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,932 shares of the financial services provider’s stock, valued at approximately $9,365,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. Rothschild Investment LLC raised 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 buying an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Equinix by 3.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock valued at $340,000 after buying an additional 11 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Equinix by 1.8% in the fourth 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 last quarter. Great Lakes Retirement Inc. raised its position in shares of 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 buying an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Equinix by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider’s stock valued at $713,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, May 1st. Barclays boosted their price objective on shares of Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, May 1st. Mizuho lowered their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Finally, TD Securities boosted their target price on shares of Equinix from $978.00 to $1,018.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,004.89.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 215 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total transaction of $199,891.95. Following the sale, the insider now directly owns 1,245 shares of the company’s stock, valued at approximately $1,157,513.85. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 $16,117,838.49. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,167 shares of company stock valued at $6,658,536 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.0%

EQIX opened at $875.92 on Monday. The stock has a market capitalization of $85.68 billion, a PE ratio of 102.45, a P/E/G ratio of 1.78 and a beta of 0.97. The firm’s fifty day moving average price is $825.46 and its 200 day moving average price is $892.63. 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 12-month low of $701.41 and a 12-month high of $994.03.

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

Equinix Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.14%. Equinix’s dividend payout ratio is presently 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.