Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 389.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,290 shares of the financial services provider’s stock after acquiring an additional 28,077 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Equinix were worth $33,275,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Equinix in the fourth quarter valued at about $1,067,270,000. Raymond James Financial Inc. bought a new stake in shares of Equinix in the 4th quarter valued at approximately $328,899,000. Proficio Capital Partners LLC acquired a new stake in shares of Equinix during the 4th quarter valued at approximately $246,000. JPMorgan Chase & Co. lifted its stake in Equinix by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after purchasing an additional 203,656 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in Equinix by 4,385.7% in the fourth quarter. Wealthfront Advisers LLC now owns 177,365 shares of the financial services provider’s stock worth $167,236,000 after purchasing an additional 173,411 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 341 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the sale, the insider now directly owns 1,430 shares of the company’s stock, valued at $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the transaction, the chief financial officer now directly owns 22,076 shares in the company, valued at $20,085,186.32. This represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQIX. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada raised their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Mizuho cut their price target on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Finally, Barclays upped their price objective on Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,007.59.

Equinix Stock Performance

EQIX opened at $831.55 on Thursday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a market capitalization of $80.94 billion, a price-to-earnings ratio of 97.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The business has a 50 day moving average price of $889.74 and a two-hundred day moving average price of $907.72. 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 (NASDAQ:EQIX) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.26%. Equinix’s dividend payout ratio is currently 219.42%.

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.