Waverly Advisors LLC Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Waverly Advisors LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,023 shares of the financial services provider's stock after purchasing an additional 472 shares during the quarter. Waverly Advisors LLC's holdings in Equinix were worth $9,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Woodline Partners LP bought a new position in Equinix in the fourth quarter valued at approximately $7,649,000. Zurich Insurance Group Ltd FI boosted its holdings in shares of Equinix by 121.4% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 42,537 shares of the financial services provider's stock valued at $40,108,000 after purchasing an additional 23,325 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Equinix by 34.5% in the 4th quarter. Vident Advisory LLC now owns 15,583 shares of the financial services provider's stock valued at $14,694,000 after purchasing an additional 3,998 shares during the last quarter. Triglav Skladi D.O.O. acquired a new position in shares of Equinix during the 4th quarter worth $9,365,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Equinix during the 4th quarter worth $18,009,000. Institutional investors own 94.94% of the company's stock.

Equinix Trading Down 0.4%

NASDAQ EQIX traded down $3.04 during mid-day trading on Monday, reaching $863.46. 441,648 shares of the stock were exchanged, compared to its average volume of 525,863. The stock has a market cap of $84.46 billion, a P/E ratio of 100.99, 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 current ratio of 1.63 and a quick ratio of 1.63. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The stock has a 50 day simple moving average of $827.81 and a 200-day simple moving average of $891.59.

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

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a $4.69 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.17%. Equinix's payout ratio is currently 195.01%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EQIX shares. Scotiabank decreased their target price 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. Wells Fargo & Company decreased their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. TD Securities increased their price objective on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $1,004.65.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the company'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 transaction, the director now directly owns 17,569 shares of the company's stock, valued at $15,274,664.29. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction 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 sale, the insider now owns 1,842 shares of the company's stock, valued at $1,616,723.40. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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.