CenterBook Partners LP Has $11.67 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

CenterBook Partners LP raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 313.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,317 shares of the financial services provider's stock after purchasing an additional 10,856 shares during the quarter. Equinix makes up 0.7% of CenterBook Partners LP's holdings, making the stock its 27th biggest position. CenterBook Partners LP's holdings in Equinix were worth $11,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new position in Equinix in the fourth quarter valued at about $28,000. Pacific Center for Financial Services grew its holdings in shares of Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Equinix by 127.8% during 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 last quarter. Cornerstone Planning Group LLC grew its holdings 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 purchasing an additional 12 shares during the last quarter. Finally, Tidemark LLC boosted its holdings in Equinix by 57.1% in the first quarter. Tidemark LLC now owns 44 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $756.70 on Monday. The stock has a market cap of $74.02 billion, a P/E ratio of 78.66, a PEG ratio of 1.28 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The business's 50-day moving average price is $856.50 and its two-hundred day moving average price is $868.27.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $8.86 EPS. As a group, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed 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 2.48%. Equinix's dividend payout ratio is currently 195.01%.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider directly owned 1,842 shares in the company, valued at $1,616,723.40. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,176 shares of company stock worth $2,808,008. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on EQIX. Mizuho reduced their target price on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. TD Securities upped their target price on 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 lowered Equinix from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. The Goldman Sachs Group lowered their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, UBS Group decreased their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $957.05.

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.

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