Ensign Peak Advisors Inc Purchases 2,939 Shares of Equinix, Inc. (NASDAQ:EQIX)

Ensign Peak Advisors Inc raised its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,821 shares of the financial services provider's stock after buying an additional 2,939 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.07% of Equinix worth $63,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EQIX. Vanguard Group Inc. grew its stake in shares of Equinix by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after buying an additional 88,654 shares during the period. Geode Capital Management LLC boosted its position in Equinix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock worth $2,269,037,000 after purchasing an additional 62,005 shares during the period. FMR LLC increased its holdings in Equinix by 3.7% in the 4th quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock valued at $2,135,606,000 after purchasing an additional 81,144 shares in the last quarter. Principal Financial Group Inc. raised its position in Equinix by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,938,572 shares of the financial services provider's stock valued at $1,827,847,000 after purchasing an additional 44,471 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Equinix by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock worth $1,793,429,000 after purchasing an additional 14,294 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on EQIX. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a research report on Thursday, March 27th. BMO Capital Markets reduced their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Thursday, May 1st. TD Securities lifted their price target 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. Finally, Wells Fargo & Company dropped their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $1,004.89.

Equinix Stock Performance

EQIX traded down $1.68 on Tuesday, hitting $868.79. 774,717 shares of the stock traded hands, compared to its average volume of 528,936. The business has a fifty day moving average price of $824.00 and a two-hundred day moving average price of $893.79. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $84.98 billion, a PE ratio of 101.61, a P/E/G ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results 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. The business 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%. Equinix's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.86 EPS. On average, research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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. This represents a $18.76 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Insider Buying and Selling at Equinix

In other news, CFO Keith D. Taylor sold 2,454 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles J. Meyers sold 3,562 shares of Equinix stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the transaction, the chairman now directly owns 15,513 shares in the company, valued at $14,412,197.52. The trade was a 18.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,167 shares of company stock worth $6,658,536. 0.27% of the stock is currently owned by corporate insiders.

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.