Quilter Plc Increases Holdings in Equinix, Inc. (NASDAQ:EQIX)

Quilter Plc raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,784 shares of the financial services provider's stock after acquiring an additional 7,261 shares during the period. Equinix makes up about 1.3% of Quilter Plc's investment portfolio, making the stock its 29th largest position. Quilter Plc owned 0.08% of Equinix worth $64,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pinney & Scofield Inc. bought a new position in Equinix during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC grew its stake 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 valued at $33,000 after buying an additional 23 shares during the last quarter. Pacific Center for Financial Services raised 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 during the period. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the 4th quarter worth approximately $39,000. Finally, Park Square Financial Group LLC purchased a new position in Equinix during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Down 9.6%

NASDAQ:EQIX opened at $745.53 on Friday. The company's 50-day simple moving average is $867.36 and its 200-day simple moving average is $882.41. The stock has a market capitalization of $72.93 billion, a P/E ratio of 77.50, a P/E/G ratio of 1.07 and a beta of 0.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

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, 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 company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the business posted $8.86 earnings per share. The firm's revenue was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, May 21st. Equinix's dividend payout ratio is presently 195.01%.

Insiders Place Their Bets

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the business's 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 sale, the chief executive officer now directly owns 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director now owns 17,569 shares of the company's stock, valued at $15,274,664.29. This trade represents a 0.57% 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. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EQIX shares. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Scotiabank decreased their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday. Bank of America dropped their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup lifted their price target 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. Finally, BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $1,045.00 to $850.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and six have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Equinix has an average rating of "Buy" and an average price target of $977.30.

About Equinix

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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