DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 10,309 Shares of Equinix, Inc. (NASDAQ:EQIX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,383 shares of the financial services provider’s stock after purchasing an additional 10,309 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Equinix were worth $28,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. DigitalBridge Group Inc. grew its stake in shares of Equinix by 8.4% during the 4th quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider’s stock worth $186,406,000 after acquiring an additional 15,344 shares in the last quarter. Dunhill Financial LLC raised its position in shares of Equinix by 43.8% in the fourth quarter. Dunhill Financial LLC now owns 69 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 21 shares during the period. Cetera Investment Advisers lifted its position in Equinix by 7.3% during the fourth quarter. Cetera Investment Advisers now owns 9,320 shares of the financial services provider’s stock worth $8,788,000 after acquiring an additional 634 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Equinix by 12.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 2,516 shares of the financial services provider’s stock valued at $2,372,000 after purchasing an additional 271 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Equinix in the fourth quarter valued at about $52,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on EQIX. Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, May 1st. Cfra Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th. BNP Paribas upgraded shares of Equinix to a “strong-buy” rating in a report on Thursday, May 1st. Truist Financial cut their target price on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Finally, Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,005.11.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 127 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the completion of the sale, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. This trade represents a 6.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $643,308.84. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

Equinix stock opened at $860.23 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $825.93 and a 200-day moving average price of $894.18. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm has a market capitalization of $84.15 billion, a PE ratio of 100.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX) 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. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the firm earned $8.86 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 2.18%. The ex-dividend date is Wednesday, May 21st. Equinix’s dividend payout ratio (DPR) is 195.01%.

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.