Universal Beteiligungs und Servicegesellschaft mbH Buys 755 Shares of Equinix, Inc. (NASDAQ:EQIX)

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,852 shares of the financial services provider's stock after buying an additional 755 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of Equinix worth $178,441,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQIX. Norges Bank acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $1,067,270,000. GAMMA Investing LLC increased its position in Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after buying an additional 889,282 shares during the period. Northern Trust Corp increased its position in Equinix by 65.3% during the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after buying an additional 586,034 shares during the period. Wellington Management Group LLP increased its position in Equinix by 28.7% during the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock worth $1,701,188,000 after buying an additional 401,991 shares during the period. Finally, Janus Henderson Group PLC increased its position in Equinix by 45.0% during the 4th quarter. Janus Henderson Group PLC now owns 535,847 shares of the financial services provider's stock worth $505,280,000 after buying an additional 166,206 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Down 0.7%

Shares of NASDAQ EQIX traded down $5.87 during midday trading on Thursday, hitting $790.35. 235,369 shares of the stock traded hands, compared to its average volume of 645,301. The company has a market cap of $77.31 billion, a PE ratio of 82.16, a P/E/G ratio of 1.48 and a beta of 0.93. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The business has a 50 day moving average price of $841.92 and a two-hundred day moving average price of $860.13. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65.

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, beating the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. Equinix's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.86 earnings per share. On average, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a $4.69 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.37%. Equinix's dividend payout ratio is currently 195.01%.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction 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 transaction, the insider owned 1,842 shares of the company's stock, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction 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 directly owned 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. Over the last quarter, insiders have sold 3,176 shares of company stock valued at $2,808,008. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and cut their price target for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Scotiabank cut their price target on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. UBS Group cut their price target on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Truist Financial cut their price target on Equinix from $986.00 to $904.00 and set a "buy" rating on the stock in a research note on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $957.05.

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.