DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,383 shares of the financial services provider's stock after purchasing an additional 10,309 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Equinix were worth $28,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. boosted its stake in Equinix by 8.4% during the 4th quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock valued at $186,406,000 after purchasing an additional 15,344 shares during the period. Dunhill Financial LLC increased its position in shares of Equinix by 43.8% in the 4th quarter. Dunhill Financial LLC now owns 69 shares of the financial services provider's stock valued at $65,000 after buying an additional 21 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Equinix by 7.3% in the 4th quarter. Cetera Investment Advisers now owns 9,320 shares of the financial services provider's stock valued at $8,788,000 after purchasing an additional 634 shares during the period. Brevan Howard Capital Management LP grew its holdings in shares of Equinix by 12.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 2,516 shares of the financial services provider's stock valued at $2,372,000 after acquiring an additional 271 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Equinix during the fourth quarter worth approximately $52,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 127 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the completion of the sale, the insider now owns 1,842 shares of the company's stock, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at $22,677,754.68. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQIX. Truist Financial decreased their target price on Equinix from $990.00 to $986.00 and set a "buy" rating for the company in a research note on Monday. 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 report on Thursday, February 13th. Citizens Jmp raised Equinix to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, May 1st. Finally, TD Securities raised 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 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 stock. Based on data from MarketBeat, Equinix has an average rating of "Buy" and a consensus price target of $1,004.89.

Equinix Stock Down 0.7%

Shares of NASDAQ:EQIX traded down $6.09 during mid-day trading on Wednesday, reaching $862.70. 166,286 shares of the stock were exchanged, compared to its average volume of 527,781. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a market cap of $84.39 billion, a P/E ratio of 100.90, a P/E/G ratio of 1.78 and a beta of 0.97. The stock's 50 day simple moving average is $823.94 and its 200-day simple moving average is $893.62. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating 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 firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the business posted $8.86 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 dividend yield of 2.17%. Equinix's dividend payout ratio is presently 195.01%.

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.