Two Sigma Advisers LP Makes New $18.01 Million Investment in Equinix, Inc. (NASDAQ:EQIX)

Two Sigma Advisers LP bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,100 shares of the financial services provider's stock, valued at approximately $18,009,000.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp purchased a new stake in shares of Equinix during the fourth quarter worth $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the fourth quarter worth $42,000. Thompson Investment Management Inc. purchased a new stake in shares of Equinix in the fourth quarter worth $47,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Equinix in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQIX. BMO Capital Markets lowered their price objective on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Scotiabank lowered their price objective on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price target on Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Stifel Nicolaus raised their price target on Equinix from $1,030.00 to $1,050.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of "Buy" and an average target price of $1,004.65.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction that occurred on 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. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of EQIX stock traded up $13.50 during mid-day trading on Tuesday, hitting $876.96. The stock had a trading volume of 77,269 shares, compared to its average volume of 612,189. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company's 50-day simple moving average is $827.97 and its 200-day simple moving average is $891.18. The firm has a market cap of $85.78 billion, a PE ratio of 102.57, a PEG ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.86 earnings per share. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.14%. Equinix's dividend payout ratio is currently 195.01%.

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.