Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,427 shares of the financial services provider’s stock after purchasing an additional 3,212 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Equinix were worth $7,946,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EQIX. Kestra Investment Management LLC purchased a new stake in Equinix during the fourth quarter worth approximately $31,000. Fortitude Family Office LLC lifted its holdings in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Equinix during the 4th quarter worth $42,000. Dunhill Financial LLC increased its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Equinix in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQIX. TD Cowen upped their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets decreased their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus target price of $994.82.

Equinix Trading Up 0.0 %

NASDAQ:EQIX opened at $910.38 on Friday. The company has a market cap of $88.61 billion, a PE ratio of 106.48, a P/E/G ratio of 1.78 and a beta of 0.72. The business’s 50 day moving average is $928.65 and its two-hundred day moving average is $904.11. 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 52 week low of $684.14 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is currently 219.42%.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the transaction, the chairman now directly owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,741 shares of company stock worth $21,988,532 over the last quarter. 0.27% of the stock is owned by company insiders.

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.