Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 40,728 shares of the financial services provider’s stock after purchasing an additional 3,594 shares during the period. Groupama Asset Managment’s holdings in Equinix were worth $38,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Inspire Trust Co. N.A. increased its stake in Equinix by 0.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after buying an additional 11 shares in the last quarter. Rothschild Investment LLC raised its stake in Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 11 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 12 shares in the last quarter. Great Lakes Retirement Inc. boosted its stake in Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock worth $920,000 after purchasing an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in Equinix by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 12 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 341 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were 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 owns 1,430 shares of the company’s stock, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. This trade represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQIX has been the topic of several research reports. Royal Bank of Canada raised their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Mizuho decreased their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a research note on Friday. 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. BMO Capital Markets cut their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Truist Financial lowered their price objective on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,007.59.

Equinix Stock Performance

NASDAQ:EQIX opened at $815.35 on Tuesday. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50 day moving average price of $893.95 and a 200 day moving average price of $908.64. The stock has a market capitalization of $79.36 billion, a P/E ratio of 95.36, a PEG ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last released its quarterly 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 return on equity of 6.31% and a net margin of 9.32%. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend 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.