Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 71.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,434 shares of the financial services provider's stock after acquiring an additional 31,073 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of Equinix worth $60,690,000 at the end of the most recent quarter.

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

Equinix Stock Down 0.3%

Shares of EQIX stock traded down $2.19 during mid-day trading on Friday, hitting $756.70. The stock had a trading volume of 587,378 shares, compared to its average volume of 563,169. The firm has a market capitalization of $74.02 billion, a P/E ratio of 78.66, a price-to-earnings-growth ratio of 1.28 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. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm's 50-day moving average is $856.50 and its two-hundred day moving average is $868.83.

Equinix (NASDAQ:EQIX - Get Free Report) last released 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 firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.86 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal 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. This represents a $18.76 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, May 21st. Equinix's payout ratio is 195.01%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EQIX shares. Citigroup increased their price objective on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a report on Monday, May 5th. UBS Group dropped their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday. Mizuho lowered 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. Truist Financial lowered their target price on Equinix from $986.00 to $904.00 and set a "buy" rating on the stock in a report on Tuesday, July 1st. Finally, New Street Research raised Equinix to a "strong-buy" rating in a research note on Monday, April 28th. 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 company. According to MarketBeat.com, Equinix currently has an average rating of "Buy" and an average price target of $957.05.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 127 shares of the company'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 directly owned 1,842 shares of the company's stock, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This 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 sold 3,176 shares of company stock valued at $2,808,008. Corporate insiders own 0.27% of the company's stock.

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.