Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Ethic Inc.

Ethic Inc. boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,745 shares of the financial services provider's stock after buying an additional 302 shares during the quarter. Ethic Inc.'s holdings in Equinix were worth $8,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Equinix by 51.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 30,383 shares of the financial services provider's stock worth $28,648,000 after buying an additional 10,309 shares during the period. DigitalBridge Group Inc. lifted its holdings in Equinix by 8.4% in the 4th quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock worth $186,406,000 after buying an additional 15,344 shares during the period. Dunhill Financial LLC grew its position in shares of Equinix by 43.8% in the 4th quarter. Dunhill Financial LLC now owns 69 shares of the financial services provider's stock worth $65,000 after buying an additional 21 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Equinix by 7.3% during the fourth quarter. Cetera Investment Advisers now owns 9,320 shares of the financial services provider's stock valued at $8,788,000 after buying an additional 634 shares during the period. Finally, Brevan Howard Capital Management LP raised its holdings in shares of Equinix by 12.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 2,516 shares of the financial services provider's stock valued at $2,372,000 after acquiring an additional 271 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Down 0.2%

EQIX traded down $1.68 on Tuesday, reaching $868.79. 774,717 shares of the company traded hands, compared to its average volume of 528,936. The company has a market cap of $84.98 billion, a P/E ratio of 101.61, a price-to-earnings-growth 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, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a fifty day simple moving average of $824.00 and a two-hundred day simple moving average of $893.79.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $8.86 earnings per share. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.16%. Equinix's dividend payout ratio is currently 195.01%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. BMO Capital Markets cut their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Mizuho dropped their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, New Street Research raised Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Two investment 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. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $1,004.89.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix 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 transaction, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. This trade represents a 7.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,167 shares of company stock valued at $6,658,536. Corporate insiders own 0.27% of the company's stock.

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.