10,660 Shares in Equinix, Inc. (NASDAQ:EQIX) Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,660 shares of the financial services provider's stock, valued at approximately $8,692,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Equinix during the fourth quarter valued at approximately $1,067,270,000. GAMMA Investing LLC grew its stake in Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after buying an additional 889,282 shares during the last quarter. Northern Trust Corp grew its stake in shares of Equinix by 65.3% during the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after acquiring an additional 586,034 shares during the last quarter. Wellington Management Group LLP increased its stake in Equinix by 28.7% during the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock valued at $1,701,188,000 after purchasing an additional 401,991 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Equinix in the 4th quarter valued at $328,899,000. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research reports. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday. TD Securities raised their price target on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of 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. Cowen reaffirmed a "buy" rating on shares of Equinix in a report on Thursday, May 1st. Finally, BNP Paribas raised shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Three research 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,004.80.

Equinix Price Performance

Shares of EQIX stock traded down $3.78 during trading hours on Friday, hitting $892.64. 502,420 shares of the company's stock were exchanged, compared to its average volume of 526,252. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm has a market cap of $87.32 billion, a P/E ratio of 104.40, a P/E/G 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. The firm has a 50 day moving average of $851.86 and a two-hundred day moving average of $889.06.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly 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. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.86 EPS. Sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. The trade was a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,176 shares of company stock valued at $2,808,008. 0.27% of the stock is owned by insiders.

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.