Triglav Skladi D.O.O. Buys Shares of 9,932 Equinix, Inc. (NASDAQ:EQIX)

Triglav Skladi D.O.O. purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,932 shares of the financial services provider's stock, valued at approximately $9,365,000.

A number of other institutional investors have also added to or reduced their stakes in EQIX. Kestra Investment Management LLC acquired a new stake in Equinix during the 4th quarter valued at approximately $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix during the fourth quarter worth about $39,000. Sierra Ocean LLC acquired a new stake in Equinix in the fourth quarter valued at approximately $42,000. Thompson Investment Management Inc. acquired a new stake in Equinix in the fourth quarter valued at approximately $47,000. Finally, Cary Street Partners Financial LLC purchased a new position in Equinix in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQIX. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price on the stock in a research report on Thursday, March 27th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Citigroup lifted their price target on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $1,004.65.

Insiders Place Their Bets

In other 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 sale, the insider now directly owns 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director now owns 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Trading Up 0.9%

NASDAQ EQIX traded up $7.36 during trading on Thursday, reaching $866.50. 413,400 shares of the stock traded hands, compared to its average volume of 525,138. The firm has a market cap of $84.76 billion, a price-to-earnings ratio of 101.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock's 50-day moving average price is $827.18 and its 200 day moving average price is $892.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. 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 the consensus estimate 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 the consensus estimate of $2.23 billion. During the same period in the prior year, the company posted $8.86 earnings per share. Equinix's revenue was up 4.1% compared to the same quarter last year. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

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.