Partners Group Holding AG Sells 1,124 Shares of Equinix, Inc. $EQIX

Partners Group Holding AG reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,096 shares of the financial services provider’s stock after selling 1,124 shares during the period. Equinix makes up 2.0% of Partners Group Holding AG’s investment portfolio, making the stock its 17th biggest position. Partners Group Holding AG’s holdings in Equinix were worth $35,321,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in shares of Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Equinix in the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust boosted its position in Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the period. Abound Wealth Management raised its stake in Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Equinix in the second quarter valued at $28,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $960.52 on Thursday. The stock’s 50-day simple moving average is $823.68 and its 200 day simple moving average is $798.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $992.90. The stock has a market capitalization of $94.37 billion, a price-to-earnings ratio of 69.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. Equinix had a return on equity of 9.60% and a net margin of 14.65%.The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $7.92 EPS. Research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a dividend of $5.16 per share. This is a boost from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. Equinix’s dividend payout ratio is 136.44%.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 927 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $801.78, for a total transaction of $743,250.06. Following the sale, the executive vice president owned 7,337 shares in the company, valued at approximately $5,882,659.86. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Lin sold 888 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $711,980.64. Following the completion of the transaction, the insider owned 9,390 shares of the company’s stock, valued at $7,528,714.20. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,353 shares of company stock valued at $11,283,043 over the last quarter. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Scotiabank reissued an “outperform” rating on shares of Equinix in a research report on Thursday, February 12th. Wells Fargo & Company increased their price target on Equinix from $925.00 to $975.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Guggenheim increased their price objective on shares of Equinix from $933.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Stifel Nicolaus set a $1,075.00 target price on Equinix in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,001.41.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.