Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in Equinix, Inc. $EQIX

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,596 shares of the financial services provider’s stock after buying an additional 4,604 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Equinix were worth $185,421,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Ameriflex Group Inc. lifted its stake in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Equinix in the 3rd quarter worth approximately $37,000. Cornerstone Planning Group LLC lifted its stake in Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in Equinix by 65.6% in the 3rd quarter. Westside Investment Management Inc. now owns 53 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 21 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

Equinix stock opened at $1,094.34 on Wednesday. The firm’s fifty day moving average price is $982.30 and its 200-day moving average price is $857.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $107.93 billion, a P/E ratio of 79.59, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,108.19.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing the consensus estimate of $9.07 by ($0.16). The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $7.92 EPS. On average, equities research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were given a dividend of $5.16 per share. This is an increase from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date was Wednesday, February 25th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio is 150.11%.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 1,086 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the sale, the chief executive officer owned 19,574 shares in the company, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 305 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total transaction of $293,162.95. Following the sale, the chairman owned 12,594 shares in the company, valued at approximately $12,105,226.86. This trade represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,380 shares of company stock worth $6,179,022. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Cantor Fitzgerald assumed coverage on shares of Equinix in a research note on Thursday, April 9th. They issued an “overweight” rating and a $1,173.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a research note on Tuesday, January 6th. Finally, Scotiabank cut shares of Equinix from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $997.00 to $1,050.00 in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.35.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.