Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 366,013 shares of the financial services provider’s stock after acquiring an additional 2,561 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Equinix were worth $345,110,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix during the 4th quarter worth about $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the 4th quarter valued at about $42,000. Dunhill Financial LLC lifted its position in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Equinix during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cfra Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. BMO Capital Markets lowered their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Truist Financial cut their price objective on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Finally, Scotiabank raised their target price on Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Buy” and an average target price of $1,007.59.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company’s stock, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 5,788 shares of the 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 transaction, the chairman now owns 15,233 shares of the company’s stock, valued at $13,859,135.73. The trade was a 27.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Equinix stock opened at $831.55 on Thursday. The stock has a market cap of $80.94 billion, a P/E ratio of 97.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a fifty day simple moving average of $889.74 and a 200-day simple moving average of $907.72. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

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

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $4.69 dividend. The ex-dividend date was Wednesday, February 26th. This is a boost 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 is 219.42%.

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.