Equinix, Inc. (NASDAQ:EQIX) Position Boosted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,210 shares of the financial services provider's stock after buying an additional 3,789 shares during the period. Equinix comprises 0.9% of Lighthouse Investment Partners LLC's holdings, making the stock its 15th largest holding. Lighthouse Investment Partners LLC's holdings in Equinix were worth $27,542,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in Equinix during the 4th quarter valued at $31,000. J.Safra Asset Management Corp purchased a new position in Equinix in the fourth quarter worth $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the fourth quarter valued at about $42,000. Thompson Investment Management Inc. acquired a new stake in Equinix in the 4th quarter worth approximately $47,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Equinix in the 4th quarter valued at $52,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of Equinix stock traded up $8.03 on Thursday, hitting $867.24. The stock had a trading volume of 429,250 shares, compared to its average volume of 527,283. The company's 50 day moving average price is $823.93 and its 200 day moving average price is $893.38. The stock has a market cap of $84.83 billion, a price-to-earnings ratio of 101.43, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. 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 released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $8.86 EPS. On average, research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 127 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the transaction, the insider now owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock worth $6,658,536 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Mizuho reduced their target price 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. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, April 28th. Cowen reaffirmed a "buy" rating on shares of Equinix in a research note on Thursday, May 1st. Finally, Stifel Nicolaus raised their price objective on Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $1,004.89.

About Equinix

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.