Nearwater Capital Markets Ltd Acquires New Shares in Equinix, Inc. (NASDAQ:EQIX)

Nearwater Capital Markets Ltd purchased a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the financial services provider's stock, valued at approximately $9,429,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Equinix during the fourth quarter worth about $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix during the 4th quarter worth approximately $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the 4th quarter valued at approximately $42,000. Thompson Investment Management Inc. acquired a new stake in Equinix during the 4th quarter valued at $47,000. Finally, Cary Street Partners Financial LLC purchased a new position in Equinix during the fourth quarter worth $52,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In other news, CFO Keith D. Taylor sold 2,454 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the completion of the sale, the chief financial officer now directly owns 24,402 shares in the company, valued at approximately $22,677,754.68. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on EQIX shares. Stifel Nicolaus increased their price objective on Equinix from $1,030.00 to $1,050.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets dropped their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. TD Securities raised their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, May 1st. Finally, BNP Paribas upgraded Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of "Buy" and an average target price of $1,004.89.

Equinix Price Performance

Shares of EQIX opened at $868.79 on Wednesday. The business's 50-day moving average is $823.94 and its 200-day moving average is $893.62. 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 capitalization of $84.98 billion, a price-to-earnings ratio of 101.61, a P/E/G ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business earned $8.86 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently declared 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 2.16%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

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.

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