Bayesian Capital Management LP Buys Shares of 636 Equinix, Inc. (NASDAQ:EQIX)

Bayesian Capital Management LP bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 636 shares of the financial services provider's stock, valued at approximately $600,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Equinix during the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix during the 4th quarter worth $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the 4th quarter valued at $42,000. Thompson Investment Management Inc. bought a new stake in Equinix in the fourth quarter worth $47,000. Finally, Key Financial Inc increased its position in 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 buying an additional 14 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ EQIX opened at $875.38 on Wednesday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month 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 stock has a market cap of $85.63 billion, a P/E ratio of 102.38, a PEG ratio of 1.78 and a beta of 0.97. The company's 50-day simple moving average is $827.58 and its 200 day simple moving average is $894.47.

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

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.14%. Equinix's payout ratio is presently 195.01%.

Analyst Ratings Changes

EQIX has been the subject of several recent analyst reports. Barclays upped their price target on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Citigroup increased their price target on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. BMO Capital Markets lowered 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. Finally, TD Securities boosted their target price on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average target price of $1,005.11.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. The trade was a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 2,454 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total value of $2,280,600.36. Following the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at $22,677,754.68. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,040 shares of company stock worth $6,547,068. Corporate insiders own 0.27% of the company's stock.

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.

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