Capital Research Global Investors Increases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Capital Research Global Investors boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,098,700 shares of the financial services provider’s stock after purchasing an additional 28,297 shares during the quarter. Capital Research Global Investors owned about 1.14% of Equinix worth $1,035,953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EQIX. Inspire Trust Co. N.A. lifted its stake in Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares during the period. Rothschild Investment LLC raised its stake in shares of Equinix by 1.9% during the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 11 shares in the last quarter. Ritholtz Wealth Management raised its stake in Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its position in shares of Equinix by 1.2% in the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 12 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the 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 in the company, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,040 shares of company stock valued at $6,547,068. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQIX. Scotiabank lifted their target price on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Mizuho cut their price objective on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 target price for the company in a report on Thursday, March 27th. Finally, Cfra Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,005.50.

Equinix Stock Performance

Shares of EQIX opened at $790.15 on Friday. The stock has a 50-day simple moving average of $847.77 and a 200-day simple moving average of $897.45. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock has a market capitalization of $77.29 billion, a PE ratio of 92.42, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data 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%. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.37%. This is an increase from Equinix’s previous quarterly dividend of $4.26. Equinix’s payout ratio is currently 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.