Loomis Sayles & Co. L P Has $215,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Loomis Sayles & Co. L P lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228 shares of the financial services provider’s stock after purchasing an additional 34 shares during the period. Loomis Sayles & Co. L P’s holdings in Equinix were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of Equinix during the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the fourth quarter worth approximately $39,000. Sierra Ocean LLC bought a new stake in shares of Equinix in the 4th quarter valued at $42,000. Dunhill Financial LLC boosted its position in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in shares of Equinix during the 4th quarter valued at about $47,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EQIX shares. Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target on the stock in a research report on Thursday. Citizens Jmp raised Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank lifted their target price on Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. Finally, Truist Financial decreased their price target on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,007.59.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 341 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $17,466,950 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $803.00 on Monday. The firm has a market cap of $78.16 billion, a price-to-earnings ratio of 93.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The stock has a fifty day simple moving average of $895.96 and a two-hundred day simple moving average of $909.02. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

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

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 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.