D. E. Shaw & Co. Inc. Has $172.06 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

D. E. Shaw & Co. Inc. lessened its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 31.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,486 shares of the financial services provider's stock after selling 84,741 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.19% of Equinix worth $172,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EQIX. Oppenheimer & Co. Inc. boosted its position in Equinix by 61.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock worth $7,946,000 after purchasing an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Equinix by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock worth $592,191,000 after purchasing an additional 2,560 shares in the last quarter. National Pension Service boosted its position in Equinix by 1.3% during the fourth quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after purchasing an additional 3,164 shares in the last quarter. Empowered Funds LLC boosted its position in Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after purchasing an additional 404 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Equinix by 43.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,575 shares of the financial services provider's stock valued at $11,856,000 after buying an additional 3,839 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

NASDAQ:EQIX traded up $0.25 during midday trading on Tuesday, hitting $870.72. 477,553 shares of the stock were exchanged, compared to its average volume of 528,289. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a market capitalization of $85.17 billion, a price-to-earnings ratio of 101.84, a P/E/G ratio of 1.78 and a beta of 0.97. The business has a 50-day moving average price of $824.00 and a two-hundred day moving average price of $893.79. 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 announced 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. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the previous year, the company earned $8.86 earnings per share. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is presently 195.01%.

Insider Transactions at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 3,562 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the sale, the chairman now directly owns 15,513 shares of the company's stock, valued at $14,412,197.52. The trade was a 18.67% decrease in their position. 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 business's stock in a transaction on Tuesday, February 18th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock valued at $6,658,536 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citizens Jmp raised Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Stifel Nicolaus upped their target price on Equinix from $1,030.00 to $1,050.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets dropped 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. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price for the company in a research note on Thursday, March 27th. Finally, Scotiabank dropped their target price on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Two 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,004.89.

Equinix Company 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.