Schonfeld Strategic Advisors LLC Acquires 326 Shares of Equinix, Inc. (NASDAQ:EQIX)

Schonfeld Strategic Advisors LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,548 shares of the financial services provider’s stock after purchasing an additional 326 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Equinix were worth $23,146,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Equinix in the fourth quarter worth about $1,067,270,000. Northern Trust Corp grew its position in shares of Equinix by 65.3% during the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider’s stock worth $1,399,042,000 after buying an additional 586,034 shares during the period. Wellington Management Group LLP grew its position in shares of Equinix by 28.7% during the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock worth $1,701,188,000 after buying an additional 401,991 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Equinix during the 4th quarter worth about $328,899,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Equinix during the 4th quarter worth about $246,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

EQIX has been the subject of several analyst reports. Mizuho decreased their target price on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Wells Fargo & Company decreased their target price on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Wolfe Research upgraded Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price objective for the company in a research report on Thursday, March 27th. Cfra Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Finally, Scotiabank decreased their price objective on Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,004.94.

Equinix Stock Performance

Shares of EQIX opened at $851.65 on Wednesday. The company has a market cap of $83.31 billion, a PE ratio of 99.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a 50-day moving average of $831.55 and a 200-day moving average of $894.83. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently announced 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. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.20%. Equinix’s payout ratio is presently 219.42%.

Insider Buying and Selling

In other news, CFO Keith D. Taylor sold 2,454 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total value of $2,280,600.36. Following the completion of the transaction, the chief financial officer now directly owns 24,402 shares in the company, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares of the company’s stock, valued at $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,040 shares of company stock valued at $6,547,068. Company insiders own 0.27% of the company’s stock.

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.