Napatree Capital LLC Buys New Shares in Equinix, Inc. (NASDAQ:EQIX)

Napatree Capital LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 256 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Principal Financial Group Inc. lifted its stake in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Equinix by 76.5% during the third quarter. First Horizon Advisors Inc. now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 39 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Equinix in the 3rd quarter valued at approximately $239,000. Cerity Partners LLC lifted its position in shares of Equinix by 64.7% in the 3rd quarter. Cerity Partners LLC now owns 9,728 shares of the financial services provider’s stock valued at $8,635,000 after acquiring an additional 3,820 shares in the last quarter. Finally, WESPAC Advisors LLC lifted its position in shares of Equinix by 5.9% in the 3rd quarter. WESPAC Advisors LLC now owns 1,083 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 60 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQIX has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer upped their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Barclays upped their price target on shares of Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $990.06.

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 341 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares of the company’s stock, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 1,370 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the transaction, the chief executive officer now directly owns 4,329 shares of the company’s stock, valued at $3,937,268.79. The trade was a 24.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock valued at $17,466,950 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of Equinix stock opened at $834.59 on Monday. 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 fifty-two week low of $684.14 and a fifty-two week high of $994.03. The firm has a fifty day moving average price of $903.56 and a two-hundred day moving average price of $909.38. The company has a market cap of $81.23 billion, a PE ratio of 97.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.

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

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.25%. Equinix’s dividend payout ratio is 219.42%.

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.