SG Americas Securities LLC Buys 716,618 Shares of Equinix, Inc. $EQIX

SG Americas Securities LLC grew its position in Equinix, Inc. (NASDAQ:EQIX) by 377,167.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 716,808 shares of the financial services provider’s stock after purchasing an additional 716,618 shares during the period. Equinix comprises approximately 0.7% of SG Americas Securities LLC’s holdings, making the stock its 17th biggest holding. SG Americas Securities LLC’s holdings in Equinix were worth $549,190,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Equinix by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider’s stock valued at $10,410,575,000 after purchasing an additional 162,638 shares during the last quarter. State Street Corp boosted its position in Equinix by 3.7% in the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after buying an additional 220,981 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after buying an additional 588,967 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equinix by 3.0% during the third quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock worth $1,542,595,000 after buying an additional 56,592 shares during the last quarter. Finally, APG Asset Management US Inc. increased its holdings in shares of Equinix by 0.4% during the third quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider’s stock worth $937,530,000 after buying an additional 5,109 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of Equinix stock opened at $966.96 on Tuesday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $992.90. The firm has a fifty day moving average of $894.44 and a two-hundred day moving average of $822.32. 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 capitalization of $95.00 billion, a price-to-earnings ratio of 70.32, a PEG ratio of 2.47 and a beta of 1.04.

Equinix (NASDAQ:EQIX) last posted 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 return on equity of 9.60% and a net margin of 14.65%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $7.92 earnings per share. Equinix’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is 150.11%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EQIX. Wells Fargo & Company lifted their target price on shares of Equinix from $925.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. The Goldman Sachs Group raised their target price on Equinix from $785.00 to $894.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. UBS Group lifted their price target on Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Guggenheim upped their price target on shares of Equinix from $933.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft set a $915.00 price target on shares of Equinix in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,013.43.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 1,333 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the sale, the insider owned 9,551 shares of the company’s stock, valued at $7,681,391.75. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 2,051 shares of Equinix stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.17, for a total value of $1,649,352.67. Following the transaction, the chief financial officer owned 26,373 shares in the company, valued at $21,208,375.41. This trade represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,842 shares of company stock valued at $14,494,840. Company insiders own 0.27% of the company’s stock.

About Equinix

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.