Mattson Financial Services LLC Buys 312 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mattson Financial Services LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,882 shares of the financial services provider's stock after purchasing an additional 312 shares during the quarter. Mattson Financial Services LLC's holdings in Equinix were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Pinney & Scofield Inc. purchased a new stake in shares of Equinix in the fourth quarter worth about $28,000. Kestra Investment Management LLC purchased a new stake in shares of Equinix in the fourth quarter worth about $31,000. Pacific Center for Financial Services lifted its holdings in shares of Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after buying an additional 15 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Equinix in the fourth quarter worth about $39,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Equinix in the fourth quarter worth about $42,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EQIX. BMO Capital Markets lowered their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Mizuho lowered their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Truist Financial lowered their target price on shares of Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Cowen reaffirmed a "buy" rating on shares of Equinix in a research note on Thursday, May 1st. Finally, TD Securities raised their target price on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $1,004.80.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the transaction, the director now owns 17,569 shares in the company, valued at approximately $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the firm'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 transaction of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

NASDAQ EQIX traded up $1.65 on Friday, reaching $889.08. 973,117 shares of the company's stock traded hands, compared to its average volume of 525,128. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50-day simple moving average of $831.05 and a 200 day simple moving average of $890.61. The stock has a market cap of $86.97 billion, a PE ratio of 103.99, a P/E/G ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the business earned $8.86 earnings per share. The business's quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is 195.01%.

Equinix 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.