Natixis Buys 45,978 Shares of Equinix, Inc. (NASDAQ:EQIX)

Natixis boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 168.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,200 shares of the financial services provider's stock after acquiring an additional 45,978 shares during the period. Natixis owned 0.08% of Equinix worth $69,020,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EQIX. Kestra Investment Management LLC purchased a new position in Equinix in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC purchased a new position in shares of Equinix in the fourth quarter worth $42,000. Thompson Investment Management Inc. bought a new position in shares of Equinix during the fourth quarter worth $47,000. Finally, Key Financial Inc grew its stake in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Scotiabank lowered 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 report on Tuesday. Finally, Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $1,004.94.

Equinix Trading Up 1.3 %

Shares of EQIX traded up $10.27 during mid-day trading on Thursday, reaching $819.73. 175,586 shares of the company's stock traded hands, compared to its average volume of 551,184. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $80.18 billion, a P/E ratio of 96.02, a P/E/G ratio of 1.78 and a beta of 0.95. The stock's 50-day moving average is $839.40 and its two-hundred day moving average is $895.62.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping 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%. Research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is an increase from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio is currently 219.42%.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is currently owned by company insiders.

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.