Equinix, Inc. (NASDAQ:EQIX) is Sora Investors LLC's 3rd Largest Position

Sora Investors LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 76.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,349 shares of the financial services provider's stock after purchasing an additional 15,349 shares during the period. Equinix comprises 3.7% of Sora Investors LLC's portfolio, making the stock its 3rd largest holding. Sora Investors LLC's holdings in Equinix were worth $33,330,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Equinix by 61.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after purchasing an additional 3,212 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Equinix by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after purchasing an additional 2,560 shares during the period. National Pension Service increased its holdings in shares of Equinix by 1.3% in the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock valued at $229,263,000 after purchasing an additional 3,164 shares during the period. Empowered Funds LLC increased its holdings in shares of Equinix by 19.2% in the 4th quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock valued at $2,361,000 after purchasing an additional 404 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Equinix by 20.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,489 shares of the financial services provider's stock valued at $93,807,000 after purchasing an additional 17,084 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price on the stock in a report on Thursday, March 27th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, May 1st. New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the company. According to MarketBeat.com, Equinix has a consensus rating of "Buy" and an average price target of $1,004.89.

Insider Activity

In related news, Chairman Charles J. Meyers sold 3,562 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the completion of the transaction, the chairman now directly owns 15,513 shares of the company's stock, valued at $14,412,197.52. This trade represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is owned by company insiders.

Equinix Stock Up 0.9%

Shares of Equinix stock opened at $867.24 on Friday. The stock has a market capitalization of $84.83 billion, a P/E ratio of 101.43, a PEG ratio of 1.78 and a beta of 0.97. 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 50 day moving average price of $824.67 and a two-hundred day moving average price of $893.06. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its 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 return on equity of 6.31% and a net margin of 9.32%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the prior year, the business earned $8.86 earnings per share. The company's revenue was up 4.1% on a year-over-year basis. Equities analysts expect 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 given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.16%. Equinix's dividend payout ratio is 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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.