Sava Infond d.o.o. Purchases New Position in Equinix, Inc. (NASDAQ:EQIX)

Sava Infond d.o.o. acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 665 shares of the financial services provider’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership lifted its position in shares of Equinix by 17.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 127,536 shares of the financial services provider’s stock worth $120,252,000 after purchasing an additional 19,192 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Equinix by 7.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,058 shares of the financial services provider’s stock valued at $207,409,000 after acquiring an additional 15,543 shares during the period. Worth Financial Advisory Group LLC raised its position in shares of Equinix by 6.3% in the 4th quarter. Worth Financial Advisory Group LLC now owns 827 shares of the financial services provider’s stock worth $780,000 after acquiring an additional 49 shares in the last quarter. UNIVEST FINANCIAL Corp boosted its position in Equinix by 10.6% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,879 shares of the financial services provider’s stock valued at $4,600,000 after purchasing an additional 466 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in Equinix by 14.5% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,352 shares of the financial services provider’s stock valued at $1,275,000 after purchasing an additional 171 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

NASDAQ EQIX opened at $825.31 on Friday. The stock has a fifty day simple moving average of $898.21 and a 200-day simple moving average of $908.63. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $80.33 billion, a PE ratio of 96.53, a P/E/G 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.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is currently 219.42%.

Analyst Ratings Changes

EQIX has been the subject of several analyst reports. Oppenheimer increased their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada boosted their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial dropped their price objective on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Finally, Wolfe Research upgraded Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 target price for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Equinix has a consensus rating of “Buy” and an average price target of $989.39.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 5,788 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the sale, the chairman now owns 15,233 shares in the company, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their ownership of the stock. 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 corporate 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.