Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 163.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221 shares of the financial services provider’s stock after buying an additional 137 shares during the quarter. First Eagle Investment Management LLC’s holdings in Equinix were worth $208,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Equinix by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after purchasing an additional 5,910 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter valued at about $224,000. CIBC Asset Management Inc grew its position in shares of Equinix by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 13,987 shares of the financial services provider’s stock valued at $12,415,000 after buying an additional 1,053 shares during the last quarter. Empowered Funds LLC raised its stake in Equinix by 8.9% during the third quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider’s stock worth $1,864,000 after acquiring an additional 171 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in Equinix by 4.0% in the third quarter. Natixis Advisors LLC now owns 47,968 shares of the financial services provider’s stock worth $42,578,000 after acquiring an additional 1,839 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the sale, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at $20,085,186.32. The trade was a 12.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles J. Meyers sold 5,788 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,054 shares of company stock worth $17,466,950. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a research report on Monday, January 27th. 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 report on Wednesday, November 20th. Finally, Scotiabank raised their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $989.35.

Equinix Stock Performance

Shares of EQIX opened at $837.68 on Monday. 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 firm’s 50 day moving average is $912.40 and its 200-day moving average is $908.72. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The stock has a market capitalization of $81.53 billion, a P/E ratio of 97.97, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) 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%. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.24%. This is a boost from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio (DPR) is currently 219.42%.

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.