Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 297.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,783 shares of the financial services provider's stock after purchasing an additional 35,011 shares during the period. Equinix comprises approximately 0.2% of Tudor Investment Corp ET AL's portfolio, making the stock its 21st largest position. Tudor Investment Corp ET AL's holdings in Equinix were worth $44,111,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. grew its stake in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 11 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Equinix by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Equinix by 3.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after buying an additional 11 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after buying an additional 12 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in shares of Equinix by 1.2% in the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares of the company's stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,040 shares of company stock worth $6,547,068 over the last three months. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Equinix stock opened at $838.10 on Monday. The firm has a market capitalization of $81.98 billion, a P/E ratio of 98.02, a PEG ratio of 1.78 and a beta of 0.95. The stock has a fifty day moving average price of $835.22 and a 200 day moving average price of $895.32. Equinix, Inc. has a 52 week low of $684.14 and a 52 week 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.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $4.69 dividend. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio is presently 219.42%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EQIX shares. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Oppenheimer lifted their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Scotiabank decreased their price target on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, JMP Securities reiterated a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has a consensus rating of "Buy" and an average price target of $1,004.94.

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.

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.