Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Guardian Capital LP

Guardian Capital LP raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,463 shares of the financial services provider's stock after acquiring an additional 4,439 shares during the period. Guardian Capital LP's holdings in Equinix were worth $18,351,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EQIX. Kestra Investment Management LLC acquired a new position in shares of Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the fourth quarter valued at about $39,000. Sierra Ocean LLC bought a new position in shares of Equinix during the fourth quarter worth about $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix in the fourth quarter worth approximately $47,000. Finally, Key Financial Inc boosted its holdings in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EQIX shares. Truist Financial decreased their price objective on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research report on Monday, March 10th. New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price for the company in a report on Thursday, March 27th. Finally, Barclays increased their price target on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Equinix currently has an average rating of "Buy" and an average price target of $1,004.05.

Equinix Stock Up 0.8 %

Shares of Equinix stock traded up $7.42 during trading hours on Monday, hitting $883.27. The company had a trading volume of 114,464 shares, compared to its average volume of 540,983. The company's 50-day moving average is $828.81 and its two-hundred day moving average is $894.69. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $86.40 billion, a P/E ratio of 103.54, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

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, topping analysts' consensus estimates of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $8.86 earnings per share. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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 given 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 2.12%. Equinix's payout ratio is currently 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 215 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the sale, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is owned by corporate insiders.

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.