Alyeska Investment Group L.P. Has $134.24 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Alyeska Investment Group L.P. lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 142,368 shares of the financial services provider's stock after selling 18,145 shares during the quarter. Alyeska Investment Group L.P. owned about 0.15% of Equinix worth $134,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after buying an additional 5,910 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Equinix in the 3rd quarter valued at about $582,000. JPMorgan Chase & Co. boosted its position in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after purchasing an additional 203,656 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Equinix by 23.3% in the 4th quarter. Versant Capital Management Inc now owns 111 shares of the financial services provider's stock worth $105,000 after purchasing an additional 21 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Equinix by 21.2% in the 4th quarter. GAMMA Investing LLC now owns 1,080 shares of the financial services provider's stock worth $1,018,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. TD Securities boosted their price objective on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho decreased their price objective on shares of 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. Citigroup lifted their price objective on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial decreased their target price on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Stifel Nicolaus raised their price objective on Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $1,005.11.

Insider Transactions at Equinix

In related news, 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 sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 3,562 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the sale, the chairman now owns 15,513 shares of the company's stock, valued at approximately $14,412,197.52. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,040 shares of company stock worth $6,547,068. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

NASDAQ EQIX traded down $3.77 during trading on Thursday, hitting $868.71. The company's stock had a trading volume of 177,576 shares, compared to its average volume of 538,958. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market cap of $84.98 billion, a P/E ratio of 101.60, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm has a 50 day moving average price of $826.93 and a 200 day moving average price of $894.32.

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

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given 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 2.16%. Equinix's payout ratio is presently 195.01%.

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.