Equinix, Inc. (NASDAQ:EQIX) Stake Decreased by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC cut its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,601 shares of the financial services provider's stock after selling 14,700 shares during the period. Equinix makes up about 4.8% of Waterfront Capital Partners LLC's portfolio, making the stock its 5th biggest holding. Waterfront Capital Partners LLC's holdings in Equinix were worth $26,025,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in shares of Equinix by 61.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after purchasing an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Equinix by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock worth $592,191,000 after buying an additional 2,560 shares in the last quarter. National Pension Service increased its holdings in shares of Equinix by 1.3% in the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock worth $229,263,000 after buying an additional 3,164 shares during the last quarter. Empowered Funds LLC raised its position in shares of Equinix by 19.2% during the 4th quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock valued at $2,361,000 after buying an additional 404 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Equinix by 46.1% in the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider's stock valued at $278,712,000 after acquiring an additional 92,975 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now directly owns 8,377 shares of the company's stock, valued at $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock worth $6,547,068 in the last quarter. 0.27% of the stock is owned by insiders.

Equinix Trading Down 0.0 %

EQIX traded down $0.23 during mid-day trading on Wednesday, hitting $851.42. 193,746 shares of the stock were exchanged, compared to its average volume of 547,039. The firm's fifty day moving average is $831.55 and its two-hundred day moving average is $894.83. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a market cap of $83.28 billion, a PE ratio of 99.58, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is presently 219.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Wells Fargo & Company decreased their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Citigroup cut their price objective on shares of Equinix from $1,020.00 to $970.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets lowered their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $1,004.94.

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.