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

Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 305.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,766 shares of the financial services provider’s stock after purchasing an additional 8,866 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Equinix were worth $9,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Quent Capital LLC lifted its position in Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 12 shares in the last quarter. Flputnam Investment Management Co. lifted its position in Equinix by 1.0% in the 3rd quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock valued at $1,014,000 after acquiring an additional 13 shares in the last quarter. Paragon Private Wealth Management LLC boosted its stake in Equinix by 2.7% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 13 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of 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, Pathway Financial Advisers LLC increased its holdings in shares of Equinix by 3.2% in the 2nd quarter. Pathway Financial Advisers LLC now owns 455 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 19,574 shares in the company, valued at approximately $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Lin sold 635 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the sale, the insider directly owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This represents a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,842 shares of company stock worth $14,494,840. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX stock opened at $963.00 on Friday. The company has a market cap of $94.61 billion, a P/E ratio of 70.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $992.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day moving average price is $907.50 and its 200-day moving average price is $826.99.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $8.91 EPS for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the company posted $7.92 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast 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 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 represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio is presently 150.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. HSBC set a $1,050.00 price target on Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. BMO Capital Markets lifted their price objective on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their target price on Equinix from $925.00 to $975.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Jefferies Financial Group upped their target price on shares of Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Truist Financial raised their price target on shares of Equinix from $973.00 to $1,087.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,015.05.

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.