Bearing Point Capital LLC Makes New $742,000 Investment in Equinix, Inc. (NASDAQ:EQIX)

Bearing Point Capital LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 787 shares of the financial services provider's stock, valued at approximately $742,000.

Several other large investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Equinix in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix during the 4th quarter valued at $39,000. Sierra Ocean LLC bought a new stake in shares of Equinix during the 4th quarter worth $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter worth $47,000. Finally, Key Financial Inc raised its position in shares of Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock worth $57,000 after purchasing an additional 14 shares during the period. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Down 0.3 %

Shares of NASDAQ EQIX traded down $3.03 during mid-day trading on Wednesday, reaching $872.35. 576,822 shares of the company traded hands, compared to its average volume of 540,348. The company's fifty day moving average is $827.58 and its two-hundred day moving average is $894.47. 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 fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a market cap of $85.33 billion, a PE ratio of 102.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm earned $8.86 EPS. Equinix's quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.15%. Equinix's dividend payout ratio is currently 195.01%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of analyst reports. Citigroup lifted their price target on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research note on Monday. New Street Research raised shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Mizuho reduced their price target on shares of 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. Oppenheimer lifted their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets cut their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $1,005.11.

Equinix 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.