Rockefeller Capital Management L.P. Has $67.44 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Rockefeller Capital Management L.P. grew its position in Equinix, Inc. (NASDAQ:EQIX) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,547 shares of the financial services provider’s stock after buying an additional 2,896 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of Equinix worth $67,443,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EQIX. Heritage Trust Co acquired a new stake in Equinix during the 4th quarter valued at $888,000. Argent Trust Co grew its holdings in shares of Equinix by 30.6% during the fourth quarter. Argent Trust Co now owns 533 shares of the financial services provider’s stock valued at $503,000 after buying an additional 125 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Equinix by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 43,545 shares of the financial services provider’s stock valued at $41,058,000 after buying an additional 916 shares during the period. Legacy Financial Advisors Inc. raised its position in Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock valued at $340,000 after buying an additional 11 shares during the period. Finally, Scotia Capital Inc. boosted its position in Equinix by 22.9% during the 4th quarter. Scotia Capital Inc. now owns 467 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EQIX shares. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target for the company in a research report on Thursday, March 27th. Mizuho cut their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Wells Fargo & Company lowered their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Cfra Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Finally, Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,007.59.

Equinix Stock Up 0.8 %

EQIX stock opened at $776.83 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The company has a 50-day moving average of $863.06 and a two-hundred day moving average of $900.92. The stock has a market capitalization of $75.61 billion, a price-to-earnings ratio of 90.86, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business 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. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 219.42%.

Insider Buying and Selling at Equinix

In related news, CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the sale, the chief executive officer now owns 4,329 shares in the company, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the sale, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock valued at $17,466,950 in the last ninety days. Company insiders own 0.27% of the company’s stock.

About Equinix

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.