Cetera Investment Advisers Purchases 634 Shares of Equinix, Inc. (NASDAQ:EQIX)

Cetera Investment Advisers grew its position in Equinix, Inc. (NASDAQ:EQIX) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,320 shares of the financial services provider’s stock after buying an additional 634 shares during the period. Cetera Investment Advisers’ holdings in Equinix were worth $8,788,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brevan Howard Capital Management LP boosted its holdings in shares of Equinix by 12.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 2,516 shares of the financial services provider’s stock valued at $2,372,000 after buying an additional 271 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Equinix in the 4th quarter valued at about $52,000. Bamco Inc. NY boosted its holdings in shares of Equinix by 20.4% in the 4th quarter. Bamco Inc. NY now owns 291,587 shares of the financial services provider’s stock valued at $274,934,000 after buying an additional 49,454 shares in the last quarter. Baldwin Investment Management LLC bought a new stake in shares of Equinix in the 4th quarter valued at about $223,000. Finally, Banque Transatlantique SA bought a new stake in shares of Equinix in the 4th quarter valued at about $195,000. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now owns 17,669 shares of the company’s stock, valued at approximately $16,117,838.49. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock valued at $6,658,536 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EQIX has been the subject of several research analyst reports. New Street Research raised shares of Equinix to a “strong-buy” rating in a research report on Monday, April 28th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, May 1st. Cfra Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on shares of Equinix from $1,030.00 to $1,050.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,005.11.

Equinix Stock Performance

EQIX opened at $864.39 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $84.55 billion, a PE ratio of 101.10, a P/E/G ratio of 1.78 and a beta of 0.97. The firm has a 50 day moving average of $825.01 and a two-hundred day moving average of $894.10. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX) last posted 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. 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 business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $8.86 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Equinix’s dividend payout ratio (DPR) is 195.01%.

About Equinix

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.