ExodusPoint Capital Management LP Has $34.61 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

ExodusPoint Capital Management LP decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,710 shares of the financial services provider’s stock after selling 2,398 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Equinix were worth $34,613,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQIX. Norges Bank acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $1,067,270,000. Wellington Management Group LLP boosted its position in Equinix by 28.7% in the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock valued at $1,701,188,000 after buying an additional 401,991 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at $328,899,000. Proficio Capital Partners LLC bought a new stake in shares of Equinix during the fourth quarter worth $246,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Equinix by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after acquiring an additional 203,656 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. This represents a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of EQIX opened at $831.55 on Thursday. The firm has a market cap of $80.94 billion, a P/E ratio of 97.26, a PEG ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s 50 day moving average price is $889.74 and its two-hundred day moving average price is $907.72.

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

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.26%. Equinix’s dividend payout ratio (DPR) is presently 219.42%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EQIX. Scotiabank boosted their price objective on Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Mizuho dropped their price target on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Oppenheimer lifted their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,007.59.

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.