Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Point72 Europe London LLP

Point72 Europe London LLP grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,900 shares of the financial services provider's stock after buying an additional 4,000 shares during the quarter. Point72 Europe London LLP's holdings in Equinix were worth $10,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the 4th quarter valued at about $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix in the 4th quarter valued at about $42,000. Thompson Investment Management Inc. purchased a new position in shares of Equinix in the 4th quarter valued at about $47,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Equinix in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 1.0%

Equinix stock traded up $8.68 during mid-day trading on Friday, hitting $875.92. The company's stock had a trading volume of 589,430 shares, compared to its average volume of 525,294. The firm has a market capitalization of $85.68 billion, a PE ratio of 102.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. 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 stock's fifty day moving average is $825.46 and its two-hundred day moving average is $892.74.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share 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 analyst estimates of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.86 earnings per share. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a $4.69 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.14%. Equinix's payout ratio is 195.01%.

Insider Buying and Selling

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the transaction, the chief financial officer now directly owns 24,402 shares in the company, valued at $22,677,754.68. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles J. Meyers sold 3,562 shares of the company'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 transaction, the chairman now owns 15,513 shares in the company, valued at $14,412,197.52. This trade represents a 18.67% 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 worth $6,658,536. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cfra Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial cut their price target on Equinix from $990.00 to $986.00 and set a "buy" rating for the company in a research note on Monday, May 12th. BMO Capital Markets cut their price target 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, BNP Paribas upgraded Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price 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.