Gotham Asset Management LLC Raises Position in Equinix, Inc. (NASDAQ:EQIX)

Gotham Asset Management LLC raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,718 shares of the financial services provider's stock after purchasing an additional 549 shares during the period. Gotham Asset Management LLC's holdings in Equinix were worth $6,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC lifted its stake in shares of Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after acquiring an additional 11 shares during the period. Legacy Financial Advisors Inc. lifted its stake in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 11 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Equinix by 1.8% during the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after acquiring an additional 12 shares during the period. Great Lakes Retirement Inc. lifted its stake in shares of Equinix by 1.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after acquiring an additional 12 shares during the period. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Equinix by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after acquiring an additional 12 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In related news, CFO Keith D. Taylor sold 2,454 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $22,677,754.68. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, 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 have sold a total of 7,167 shares of company stock worth $6,658,536 in the last 90 days. Corporate insiders own 0.27% of the company's stock.

Equinix Trading Up 1.0%

Shares of NASDAQ EQIX traded up $8.68 during trading on Friday, reaching $875.92. The company had a trading volume of 589,430 shares, compared to its average volume of 525,366. The company's fifty day moving average price is $825.46 and its 200-day moving average price is $892.86. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock has a market cap of $85.68 billion, a P/E ratio of 102.45, a PEG ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $8.86 EPS. The business's revenue was up 4.1% on a year-over-year basis. As a group, research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

EQIX has been the subject of a number of analyst reports. Mizuho decreased their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. BMO Capital Markets dropped their price target on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. BNP Paribas raised Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, TD Securities raised their price target on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.