Equinix, Inc. (NASDAQ:EQIX) Position Raised by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 24.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 296 shares of the financial services provider’s stock after purchasing an additional 59 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Equinix were worth $279,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EQIX. Kestra Investment Management LLC acquired a new position in Equinix during the 4th quarter valued at about $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix during the fourth quarter worth approximately $42,000. Dunhill Financial LLC grew its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in Equinix in the 4th quarter valued at approximately $47,000. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Barclays increased their target price on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Truist Financial lowered their target price on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research note on Monday. Oppenheimer upped their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $989.35.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $308,168.52. Following the sale, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 2.5 %

Equinix stock opened at $833.95 on Friday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The firm’s 50 day moving average price is $914.84 and its two-hundred day moving average price is $907.30. The firm has a market cap of $81.17 billion, a PE ratio of 97.54, a P/E/G ratio of 1.78 and a beta of 0.74. 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 (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS 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, research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s dividend payout ratio is currently 219.42%.

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.