Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 218,097 Equinix, Inc. (NASDAQ:EQIX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 218,097 shares of the financial services provider's stock, valued at approximately $205,641,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Equinix as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EQIX. Employees Retirement System of Texas grew its holdings in shares of Equinix by 55.4% during the 4th quarter. Employees Retirement System of Texas now owns 77,370 shares of the financial services provider's stock worth $72,951,000 after purchasing an additional 27,570 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in Equinix by 3.2% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 4,270 shares of the financial services provider's stock valued at $4,026,000 after purchasing an additional 131 shares during the last quarter. Liberty Square Wealth Partners LLC bought a new position in Equinix in the fourth quarter valued at about $254,000. Cypress Asset Management Inc. TX bought a new position in shares of Equinix during the fourth quarter worth about $305,000. Finally, Mackenzie Financial Corp increased its holdings in Equinix by 80.6% in the fourth quarter. Mackenzie Financial Corp now owns 57,248 shares of the financial services provider's stock worth $53,979,000 after purchasing an additional 25,556 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EQIX. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. TD Securities boosted their price objective on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. BNP Paribas raised Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. Citigroup boosted their price objective on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Two equities research 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, the company presently has an average rating of "Buy" and a consensus target price of $1,004.80.

Equinix Price Performance

Shares of EQIX traded up $1.65 during midday trading on Friday, reaching $889.08. The stock had a trading volume of 973,117 shares, compared to its average volume of 527,294. The company's 50-day moving average is $831.05 and its 200 day moving average is $890.74. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $86.97 billion, a price-to-earnings ratio of 103.99, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $2.23 billion. During the same period in the prior year, the business earned $8.86 EPS. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is presently 195.01%.

Insider Activity at Equinix

In other news, insider Kurt Pletcher sold 127 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares of the company's stock, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm'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 approximately $15,274,664.29. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company 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.