Equinix, Inc. (NASDAQ:EQIX) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,147,559 shares of the financial services provider's stock after buying an additional 65,104 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.19% of Equinix worth $1,082,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Equinix during the fourth quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the 4th quarter valued at about $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter worth about $42,000. Thompson Investment Management Inc. acquired a new stake in Equinix during the 4th quarter worth approximately $47,000. Finally, Cary Street Partners Financial LLC acquired a new stake in Equinix during the 4th quarter worth approximately $52,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Down 0.4%

Shares of Equinix stock traded down $3.04 during trading on Friday, reaching $863.46. The company had a trading volume of 441,648 shares, compared to its average volume of 525,863. 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 fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm's fifty day moving average is $827.81 and its 200-day moving average is $891.70. The company has a market cap of $84.46 billion, a price-to-earnings ratio of 100.99, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQIX. Oppenheimer boosted their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target for the company in a report on Thursday, March 27th. New Street Research upgraded Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Citigroup increased 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. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $1,004.65.

Insiders Place Their Bets

In related news, insider Kurt Pletcher sold 127 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the company'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 transaction, the director now directly owns 17,569 shares of the company's stock, 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 currently owned by corporate insiders.

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.