Rational Advisors Inc. Buys Shares of 469 Equinix, Inc. (NASDAQ:EQIX)

Rational Advisors Inc. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 469 shares of the financial services provider's stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 worth $11,941,418,000 after buying an additional 88,654 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $2,269,037,000 after acquiring an additional 62,005 shares in the last quarter. FMR LLC grew 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 worth $2,135,606,000 after acquiring an additional 81,144 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 purchasing an additional 14,294 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Equinix by 28.7% during 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 purchasing an additional 401,991 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 directly owned 9,615 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the sale, the insider directly owned 1,842 shares in the company, valued at $1,616,723.40. The trade was a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,176 shares of company stock worth $2,808,008. Insiders own 0.27% of the company's stock.

Equinix Price Performance

EQIX stock opened at $756.70 on Friday. The company has a market capitalization of $74.02 billion, a PE ratio of 78.66, a P/E/G ratio of 1.28 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20. The stock's 50 day moving average is $856.50 and its two-hundred day moving average is $869.39. Equinix, Inc. has a 52-week low of $701.41 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $8.86 earnings per share. Analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix's payout ratio is 195.01%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EQIX shares. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group lowered their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Barclays decreased their price objective on Equinix from $837.00 to $798.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Citigroup upped their target price on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, Equinix has a consensus rating of "Buy" and an average price target of $957.05.

Equinix Company 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.

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