8,112 Shares in Equinix, Inc. (NASDAQ:EQIX) Purchased by Woodline Partners LP

Woodline Partners LP purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,112 shares of the financial services provider's stock, valued at approximately $7,649,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQIX. Norges Bank acquired a new stake in shares of Equinix during the 4th quarter worth approximately $1,067,270,000. Northern Trust Corp increased its holdings in Equinix by 65.3% in the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock valued at $1,399,042,000 after purchasing an additional 586,034 shares during the last quarter. Wellington Management Group LLP increased its holdings in Equinix by 28.7% in 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in Equinix in the 4th quarter valued at approximately $328,899,000. Finally, Proficio Capital Partners LLC acquired a new stake in Equinix in the 4th quarter valued at approximately $246,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director now directly owns 17,569 shares in the company, valued at approximately $15,274,664.29. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kurt Pletcher sold 127 shares of the stock in a transaction on 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 owns 1,842 shares in the company, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Trading Down 0.3%

Shares of Equinix stock traded down $2.36 during trading hours on Wednesday, hitting $874.45. The company's stock had a trading volume of 71,603 shares, compared to its average volume of 523,981. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a fifty day moving average of $828.47 and a 200 day moving average of $891.08. The company has a market capitalization of $85.54 billion, a PE ratio of 102.15, 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.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (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 business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.86 earnings per share. As a group, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank dropped their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, May 1st. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Truist Financial decreased their price target on shares of Equinix from $990.00 to $986.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and six have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $1,004.80.

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.