Two Sigma Investments LP Invests $16.45 Million in Equinix, Inc. (NASDAQ:EQIX)

Two Sigma Investments LP acquired 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 and Exchange Commission (SEC). The institutional investor acquired 17,446 shares of the financial services provider's stock, valued at approximately $16,450,000.

Several other institutional investors have also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new position in Equinix during the fourth quarter valued at about $31,000. J.Safra Asset Management Corp bought a new position in Equinix during the fourth quarter valued at about $39,000. Sierra Ocean LLC bought a new position in Equinix during the fourth quarter valued at about $42,000. Thompson Investment Management Inc. bought a new position in Equinix during the fourth quarter valued at about $47,000. Finally, Cary Street Partners Financial LLC bought a new position in Equinix during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Price Performance

EQIX traded down $3.24 on Wednesday, reaching $873.58. The company had a trading volume of 62,975 shares, compared to its average volume of 610,938. The business has a 50 day simple moving average of $828.47 and a 200 day simple moving average of $891.08. The company has a market cap of $85.45 billion, a price-to-earnings ratio of 102.17, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. 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 announced 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 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 last year, the firm posted $8.86 earnings per share. Equinix's quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 127 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

EQIX has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. TD Securities increased their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of 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, Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat, Equinix presently has a consensus rating of "Buy" and an average target price of $1,004.80.

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.