65,709 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,709 shares of the financial services provider’s stock, valued at approximately $61,499,000. Equinix comprises 0.9% of Raiffeisen Bank International AG’s portfolio, making the stock its 26th largest position. Raiffeisen Bank International AG owned about 0.07% of Equinix at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Point72 Europe London LLP lifted its stake in Equinix by 58.0% in the 4th quarter. Point72 Europe London LLP now owns 10,900 shares of the financial services provider’s stock valued at $10,278,000 after purchasing an additional 4,000 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Equinix by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 18,859 shares of the financial services provider’s stock valued at $17,782,000 after acquiring an additional 1,316 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Equinix by 21.0% during the 4th quarter. Quantinno Capital Management LP now owns 11,312 shares of the financial services provider’s stock valued at $10,667,000 after acquiring an additional 1,960 shares in the last quarter. Pathstone Holdings LLC grew its position in Equinix by 3.9% during the 4th quarter. Pathstone Holdings LLC now owns 13,489 shares of the financial services provider’s stock worth $12,718,000 after acquiring an additional 512 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in Equinix in the 4th quarter worth about $1,344,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Oppenheimer lifted their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a report on Thursday, May 1st. JMP Securities restated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, May 1st. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,004.89.

Equinix Trading Down 1.1%

NASDAQ:EQIX opened at $859.21 on Thursday. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. 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 has a 50-day moving average of $823.93 and a 200-day moving average of $893.38. The company has a market cap of $84.05 billion, a PE ratio of 100.49, a PEG ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company posted $8.86 earnings per share. Equinix’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider now directly owns 1,842 shares in the company, valued at $1,616,723.40. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the transaction, the chief financial officer now directly owns 24,402 shares of the company’s stock, valued at $22,677,754.68. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,167 shares of company stock worth $6,658,536. 0.27% of the stock is owned by insiders.

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.