10,660 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Sarasin & Partners LLP

Sarasin & Partners LLP acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,660 shares of the financial services provider’s stock, valued at approximately $8,692,000.

Several other institutional investors also recently bought and sold shares of EQIX. Oppenheimer & Co. Inc. lifted its holdings in Equinix by 61.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider’s stock valued at $7,946,000 after purchasing an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Equinix by 0.4% in 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 during the last quarter. National Pension Service lifted its stake in 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 purchasing an additional 3,164 shares in the last quarter. Empowered Funds LLC grew its position in shares of Equinix by 19.2% in the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider’s stock valued at $2,361,000 after purchasing an additional 404 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Equinix by 20.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,489 shares of the financial services provider’s stock valued at $93,807,000 after purchasing an additional 17,084 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on EQIX. Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America started coverage on Equinix in a research note on Monday, May 19th. They issued a “buy” rating and a $1,000.00 price target on the stock. Truist Financial cut their price objective on Equinix from $990.00 to $986.00 and set a “buy” rating for the company in a research report on Monday, May 12th. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research report on Thursday, May 1st. Finally, Wolfe Research cut shares of Equinix from an “outperform” rating to a “peer perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Buy” and a consensus price target of $1,004.80.

Equinix Trading Down 0.8%

EQIX stock opened at $907.48 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 business has a 50 day simple moving average of $841.17 and a two-hundred day simple moving average of $890.04. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a market capitalization of $88.77 billion, a price-to-earnings ratio of 106.14, a PEG ratio of 1.78 and a beta of 0.97.

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

Equinix Announces Dividend

The company 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 dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the transaction, the director now directly owns 17,569 shares in the company, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer now owns 9,615 shares of the company’s stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,176 shares of company stock valued at $2,808,008 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Company 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.