Czech National Bank increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,355 shares of the financial services provider's stock after buying an additional 1,434 shares during the period. Czech National Bank's holdings in Equinix were worth $18,227,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Equinix by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after acquiring an additional 203,656 shares during the last quarter. Brighton Jones LLC increased its holdings in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the period. PFG Investments LLC acquired a new position in shares of Equinix during the 4th quarter worth about $209,000. Caprock Group LLC boosted its stake in Equinix by 24.4% in the fourth quarter. Caprock Group LLC now owns 2,533 shares of the financial services provider's stock valued at $2,389,000 after acquiring an additional 497 shares in the last quarter. Finally, Austin Private Wealth LLC increased its position in Equinix by 19.2% during the fourth quarter. Austin Private Wealth LLC now owns 298 shares of the financial services provider's stock worth $281,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.
Wall Street Analyst Weigh In
EQIX has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Bank of America began coverage on shares of Equinix in a research note on Monday, May 19th. They issued a "buy" rating and a $1,000.00 target price for the company. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. TD Securities upped their price target on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Citigroup upped their target price on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and six have given a strong buy rating to the company's stock. According to MarketBeat, Equinix currently has an average rating of "Buy" and an average price target of $1,004.80.
Check Out Our Latest Stock Report on Equinix
Equinix Trading Down 0.3%
EQIX traded down $2.46 during trading on Thursday, reaching $909.74. The company had a trading volume of 570,968 shares, compared to its average volume of 526,064. The firm's 50-day simple moving average is $837.70 and its 200 day simple moving average is $890.74. The company has a market cap of $88.99 billion, a price-to-earnings ratio of 106.40, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.
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. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the company posted $8.86 earnings per share. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.
Equinix Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.06%. Equinix's dividend payout ratio is 195.01%.
Insider Activity at Equinix
In related news, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the transaction, the chief executive officer now owns 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,176 shares of company stock valued at $2,808,008. 0.27% of the stock is owned by corporate insiders.
About Equinix
(
Free Report)
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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