406 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 406 shares of the financial services provider's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Legacy Financial Advisors Inc. lifted its position in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after acquiring an additional 11 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares in the last quarter. Signaturefd LLC lifted its position in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares in the last quarter. First Financial Bankshares Inc raised its position in shares of Equinix by 0.5% in the fourth quarter. First Financial Bankshares Inc now owns 2,470 shares of the financial services provider's stock worth $2,329,000 after buying an additional 13 shares in the last quarter. Finally, Nemes Rush Group LLC raised its position in shares of Equinix by 18.3% in the fourth quarter. Nemes Rush Group LLC now owns 84 shares of the financial services provider's stock worth $79,000 after buying an additional 13 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Up 0.3%

Equinix stock traded up $2.21 during trading hours on Friday, hitting $777.78. 626,099 shares of the stock traded hands, compared to its average volume of 648,043. The firm's 50-day moving average price is $847.91 and its two-hundred day moving average price is $864.45. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The company has a market cap of $76.08 billion, a PE ratio of 80.85, a PEG ratio of 1.30 and a beta of 0.93. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The business's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.86 EPS. On average, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were given a $4.69 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.41%. Equinix's dividend payout ratio is currently 195.01%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the sale, the director directly owned 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 in the company, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,176 shares of company stock valued at $2,808,008 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent analyst reports. Cfra Research downgraded Equinix from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company lowered their price objective on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Stifel Nicolaus reduced their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Bank of America reduced their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Finally, TD Securities increased their target price on Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $957.05.

About Equinix

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.