Bank Julius Baer & Co. Ltd Zurich Has $904,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 88.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,109 shares of the financial services provider's stock after selling 8,594 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Equinix were worth $904,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pinney & Scofield Inc. bought a new position in shares of Equinix in the fourth quarter worth $28,000. Whipplewood Advisors LLC lifted its holdings in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the period. Pacific Center for Financial Services grew its position in Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after buying an additional 15 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in Equinix during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQIX shares. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. UBS Group decreased their price target on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Cfra Research cut Equinix from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, June 26th. Scotiabank cut their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Finally, TD Securities lifted their target price on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, Equinix presently has an average rating of "Buy" and a consensus price target of $957.05.

Equinix Stock Up 1.5%

Equinix stock traded up $11.89 during mid-day trading on Friday, hitting $801.43. The company's stock had a trading volume of 482,660 shares, compared to its average volume of 645,271. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a market cap of $78.40 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. The firm's 50 day moving average is $840.37 and its 200 day moving average is $859.10.

Equinix (NASDAQ:EQIX - Get Free Report) last posted 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 business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $8.86 earnings per share. On average, analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.34%. Equinix's payout ratio is 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the transaction, the director directly owned 17,569 shares of the company's stock, valued at $15,274,664.29. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider directly owned 1,842 shares of the company's stock, 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. Insiders have sold 3,176 shares of company stock worth $2,808,008 over the last 90 days. 0.27% of the stock is currently owned by corporate 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.