Generali Investments CEE investicni spolecnost a.s. Buys 8,866 Shares of Equinix, Inc. $EQIX

Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 305.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,766 shares of the financial services provider’s stock after purchasing an additional 8,866 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Equinix were worth $9,015,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EQIX. Ameriflex Group Inc. lifted its position in shares of 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 during the period. Abound Wealth Management increased its position in shares of Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 23 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Equinix during the third quarter valued at about $37,000. Cornerstone Planning Group LLC raised its stake in Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after buying an additional 13 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in Equinix by 65.6% in the third quarter. Westside Investment Management Inc. now owns 53 shares of the financial services provider’s stock worth $41,000 after buying an additional 21 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Price Performance

Shares of EQIX opened at $963.00 on Friday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $992.90. The firm’s 50-day simple moving average is $907.50 and its two-hundred day simple moving average is $826.99. The stock has a market cap of $94.61 billion, a PE ratio of 70.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the business posted $7.92 earnings per share. Equinix’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that Equinix, Inc. will post 33.1 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. Shareholders of record on Wednesday, February 25th were paid a dividend of $5.16 per share. The ex-dividend date was Wednesday, February 25th. This is a positive change from Equinix’s previous quarterly dividend of $4.69. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 150.11%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Sanford C. Bernstein began coverage on Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective on the stock. TD Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, February 12th. Scotiabank restated an “outperform” rating on shares of Equinix in a research report on Thursday, February 12th. The Goldman Sachs Group upped their price target on Equinix from $785.00 to $894.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group increased their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,015.05.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider owned 10,394 shares of the company’s stock, valued at $9,990,608.86. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 305 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $293,162.95. Following the completion of the transaction, the chairman owned 12,594 shares in the company, valued at approximately $12,105,226.86. The trade was a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,842 shares of company stock valued at $14,494,840. Company insiders own 0.27% of the company’s stock.

Equinix 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.