Alpine Woods Capital Investors LLC Grows Holdings in Equinix, Inc. (NASDAQ:EQIX)

Alpine Woods Capital Investors LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,585 shares of the financial services provider's stock after buying an additional 627 shares during the period. Equinix accounts for about 1.8% of Alpine Woods Capital Investors LLC's portfolio, making the stock its 13th largest holding. Alpine Woods Capital Investors LLC's holdings in Equinix were worth $7,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Truist Financial Corp boosted its holdings in Equinix by 8.2% in the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after purchasing an additional 3,981 shares during the period. First United Bank & Trust bought a new stake in Equinix in the 1st quarter valued at about $451,000. Nisa Investment Advisors LLC lifted its holdings in shares of Equinix by 71.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock worth $60,690,000 after acquiring an additional 31,073 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of Equinix by 20.1% during the 1st quarter. Miller Howard Investments Inc. NY now owns 3,864 shares of the financial services provider's stock worth $3,150,000 after acquiring an additional 646 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in shares of Equinix by 0.8% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 51,045 shares of the financial services provider's stock worth $41,620,000 after acquiring an additional 413 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Trading Down 0.3%

Shares of NASDAQ EQIX traded down $2.19 during mid-day trading on Friday, hitting $756.70. The stock had a trading volume of 587,378 shares, compared to its average volume of 562,781. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The business has a 50 day moving average price of $856.50 and a two-hundred day moving average price of $869.39. The firm has a market cap of $74.02 billion, a P/E ratio of 78.66, a price-to-earnings-growth ratio of 1.28 and a beta of 0.93.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its 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. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm earned $8.86 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EQIX shares. BMO Capital Markets cut shares of Equinix from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Bank of America decreased their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Barclays dropped their price objective on shares of Equinix from $837.00 to $798.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, June 26th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $957.05.

Insider Buying and Selling at Equinix

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