Equinix, Inc. (NASDAQ:EQIX) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,427 shares of the financial services provider's stock after purchasing an additional 1,380 shares during the quarter. IFM Investors Pty Ltd's holdings in Equinix were worth $37,659,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Equinix by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after purchasing an additional 88,654 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Equinix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock valued at $2,269,037,000 after buying an additional 62,005 shares in the last quarter. FMR LLC lifted its holdings in shares of Equinix by 3.7% in the 4th quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock valued at $2,135,606,000 after acquiring an additional 81,144 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Equinix by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock valued at $1,793,429,000 after acquiring an additional 14,294 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Equinix by 28.7% in the fourth quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock worth $1,701,188,000 after acquiring an additional 401,991 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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 target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Bank of America dropped their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. JMP Securities reiterated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday, June 26th. Finally, BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $960.55.

Equinix Trading Down 1.0%

Shares of Equinix stock traded down $7.65 on Friday, hitting $787.50. 539,869 shares of the company traded hands, compared to its average volume of 556,961. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a market cap of $77.03 billion, a PE ratio of 81.86, a PEG ratio of 1.13 and a beta of 0.93. The stock's 50 day moving average price is $866.92 and its 200-day moving average price is $876.38. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, May 21st. Equinix's payout ratio is 195.01%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the business'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 completion of the transaction, the director owned 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction 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 sale, the insider owned 1,842 shares of the company's stock, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,176 shares of company stock valued at $2,808,008. Company 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.