LMR Partners LLP Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

LMR Partners LLP trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,699 shares of the financial services provider's stock after selling 2,085 shares during the quarter. LMR Partners LLP's holdings in Equinix were worth $10,088,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EQIX. JPMorgan Chase & Co. increased its holdings in Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after acquiring an additional 203,656 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Equinix by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,880 shares of the financial services provider's stock valued at $1,773,000 after purchasing an additional 50 shares in the last quarter. Czech National Bank increased its holdings in shares of Equinix by 8.2% in the fourth quarter. Czech National Bank now owns 20,921 shares of the financial services provider's stock worth $19,726,000 after purchasing an additional 1,580 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Equinix in the fourth quarter worth about $223,000. Finally, Wedmont Private Capital lifted its position in shares of Equinix by 7.3% in the fourth quarter. Wedmont Private Capital now owns 1,032 shares of the financial services provider's stock worth $928,000 after buying an additional 70 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In related news, insider Kurt Pletcher sold 215 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total transaction of $199,891.95. Following the completion of the sale, the insider now owns 1,245 shares of the company's stock, valued at $1,157,513.85. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $16,117,838.49. This represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EQIX shares. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, May 1st. Citigroup boosted their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company lowered their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Barclays lifted their target price 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, nineteen have given a buy rating and six have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Equinix currently has an average rating of "Buy" and an average price target of $1,004.89.

Equinix Stock Up 0.9%

Shares of NASDAQ EQIX traded up $8.03 during midday trading on Thursday, reaching $867.24. 429,250 shares of the company's stock traded hands, compared to its average volume of 525,444. The company has a market cap of $84.83 billion, a price-to-earnings ratio of 101.43, a P/E/G ratio of 1.78 and a beta of 0.97. The stock's 50 day simple moving average is $823.93 and its 200-day simple moving average is $893.38. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

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 business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $8.86 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company 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 of this dividend is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.16%. Equinix's dividend payout ratio is presently 195.01%.

Equinix 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.