Schonfeld Strategic Advisors LLC Boosts Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Schonfeld Strategic Advisors LLC raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,548 shares of the financial services provider's stock after buying an additional 326 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Equinix were worth $23,146,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in Equinix by 16.1% in the 4th quarter. AQR Capital Management LLC now owns 47,059 shares of the financial services provider's stock worth $44,220,000 after buying an additional 6,512 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Equinix by 169.4% in the fourth quarter. Lido Advisors LLC now owns 2,425 shares of the financial services provider's stock valued at $2,287,000 after acquiring an additional 1,525 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Equinix by 65.3% in the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after acquiring an additional 586,034 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of Equinix by 297.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 46,783 shares of the financial services provider's stock worth $44,111,000 after purchasing an additional 35,011 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Equinix during the fourth quarter worth approximately $17,259,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EQIX. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday. New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $1,004.05.

Equinix Stock Up 0.9 %

NASDAQ EQIX traded up $8.12 during trading hours on Monday, hitting $883.97. 98,601 shares of the company were exchanged, compared to its average volume of 540,903. 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 $86.47 billion, a price-to-earnings ratio of 103.39, a PEG ratio of 1.78 and a beta of 0.95. The company has a 50 day moving average of $828.81 and a two-hundred day moving average of $894.69. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a $4.69 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.12%. Equinix's payout ratio is currently 195.01%.

Insider Transactions at Equinix

In other Equinix news, 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 transaction, the director now owns 17,669 shares in the company, valued at $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the sale, the insider now owns 1,245 shares in the company, valued at $1,157,513.85. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,040 shares of company stock valued at $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.