Bayesian Capital Management LP Acquires New Stake in Equinix, Inc. (NASDAQ:EQIX)

Bayesian Capital Management LP purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 636 shares of the financial services provider's stock, valued at approximately $600,000.

Several other institutional investors have also recently made changes to their positions in the company. Bearing Point Capital LLC purchased a new stake in shares of Equinix during the fourth quarter valued at about $742,000. Benjamin Edwards Inc. lifted its holdings in shares of Equinix by 0.7% during the fourth quarter. Benjamin Edwards Inc. now owns 30,602 shares of the financial services provider's stock worth $28,867,000 after purchasing an additional 217 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Equinix by 10.7% during the fourth quarter. Ancora Advisors LLC now owns 405 shares of the financial services provider's stock worth $382,000 after purchasing an additional 39 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of Equinix by 5.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 891 shares of the financial services provider's stock worth $840,000 after buying an additional 49 shares during the last quarter. Finally, Advanced Portfolio Management LLC acquired a new position in Equinix in the fourth quarter valued at approximately $443,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Up 0.3%

EQIX stock traded up $2.75 during trading on Monday, hitting $867.14. 73,875 shares of the company's stock were exchanged, compared to its average volume of 526,757. The business has a 50-day moving average price of $825.01 and a two-hundred day moving average price of $894.10. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The stock has a market capitalization of $84.82 billion, a price-to-earnings ratio of 101.41, a PEG ratio of 1.78 and a beta of 0.97.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EQIX. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Cowen reissued a "buy" rating on shares of Equinix in a research note on Thursday, May 1st. TD Securities raised their target price on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Wolfe Research raised 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. Finally, Citizens Jmp raised Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $1,005.11.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now directly owns 17,669 shares in the company, valued at $16,117,838.49. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,167 shares of company stock worth $6,658,536. 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.