First Eagle Investment Management LLC Has $208,000 Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

First Eagle Investment Management LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 163.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221 shares of the financial services provider’s stock after purchasing an additional 137 shares during the period. First Eagle Investment Management LLC’s holdings in Equinix were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Equinix during the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new stake in Equinix in the fourth quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new stake in Equinix in the fourth quarter valued at approximately $42,000. Dunhill Financial LLC increased its stake in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new position in shares of Equinix during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 341 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the transaction, the insider now owns 1,430 shares of the company’s stock, valued at approximately $1,292,319.60. The trade was a 19.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.71, for a total value of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $837.68 on Monday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a market capitalization of $81.53 billion, a P/E ratio of 97.97, a P/E/G ratio of 1.78 and a beta of 0.74. The stock has a 50 day moving average of $912.40 and a two-hundred day moving average of $908.72. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $4.69 dividend. 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 2.24%. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix’s dividend payout ratio is currently 219.42%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial lowered their price objective on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company decreased their target price on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer lifted 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. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $989.35.

Equinix 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.