Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Ninepoint Partners LP

Ninepoint Partners LP lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.9% during the first quarter, Holdings Channel.com reports. The firm owned 1,719 shares of the financial services provider’s stock after acquiring an additional 16 shares during the period. Ninepoint Partners LP’s holdings in Equinix were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in EQIX. Geode Capital Management LLC increased its stake in shares of Equinix by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider’s stock worth $2,269,037,000 after buying an additional 62,005 shares during the period. FMR LLC raised its stake in shares of Equinix by 3.7% during the fourth quarter. FMR LLC now owns 2,264,958 shares of the financial services provider’s stock worth $2,135,606,000 after purchasing an additional 81,144 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Equinix by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider’s stock worth $1,793,429,000 after acquiring an additional 14,294 shares in the last quarter. Wellington Management Group LLP raised its position in Equinix by 28.7% in the fourth quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock worth $1,701,188,000 after acquiring an additional 401,991 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Equinix by 65.3% in the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider’s stock valued at $1,399,042,000 after buying an additional 586,034 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Down 0.5%

Shares of Equinix stock opened at $796.21 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The business has a fifty day simple moving average of $841.92 and a 200 day simple moving average of $860.13. The stock has a market cap of $77.88 billion, a PE ratio of 82.77, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93.

Equinix (NASDAQ:EQIX) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.86 earnings per share. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were paid a $4.69 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.36%. Equinix’s payout ratio is 195.01%.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares of the company’s stock, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the sale, the director directly owned 17,569 shares of the company’s stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,176 shares of company stock worth $2,808,008. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BNP Paribas upgraded Equinix to a “strong-buy” rating in a report on Thursday, May 1st. Mizuho cut their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research report on Wednesday, July 2nd. Finally, Scotiabank dropped their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 26th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus target price of $957.05.

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.