Bamco Inc. NY Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Bamco Inc. NY grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,587 shares of the financial services provider's stock after purchasing an additional 49,454 shares during the period. Equinix makes up approximately 0.7% of Bamco Inc. NY's investment portfolio, making the stock its 26th largest holding. Bamco Inc. NY owned 0.30% of Equinix worth $274,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EQIX. Rothschild Investment LLC boosted its position in Equinix by 1.9% during the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after acquiring an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Equinix by 3.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after buying an additional 11 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after acquiring an additional 12 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in Equinix by 1.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after purchasing an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Equinix by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after buying an additional 12 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. BNP Paribas raised Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Mizuho lowered their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. BMO Capital Markets lowered their target price on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday, May 1st. Two investment 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's stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Buy" and a consensus target price of $1,005.11.

Insiders Place Their Bets

In related 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 directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the completion of the transaction, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock worth $6,547,068 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

Shares of EQIX stock traded down $3.03 during trading hours on Wednesday, hitting $872.35. 576,822 shares of the company were exchanged, compared to its average volume of 540,348. 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 fifty day simple moving average of $827.58 and a 200 day simple moving average of $894.47. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The stock has a market capitalization of $85.33 billion, a price-to-earnings ratio of 102.03, a P/E/G ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last announced 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. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.86 earnings per share. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's 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.