Mizuho Securities USA LLC Has $8.62 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Mizuho Securities USA LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 48.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,145 shares of the financial services provider’s stock after acquiring an additional 2,988 shares during the quarter. Mizuho Securities USA LLC’s holdings in Equinix were worth $8,623,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Summit Global Investments increased its holdings in shares of Equinix by 69.7% during the 4th quarter. Summit Global Investments now owns 538 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 221 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Equinix during the 4th quarter worth approximately $120,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Equinix by 39.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,884 shares of the financial services provider’s stock worth $48,921,000 after acquiring an additional 14,624 shares during the last quarter. Berkeley Capital Partners LLC increased its holdings in shares of Equinix by 2.3% during the 4th quarter. Berkeley Capital Partners LLC now owns 1,278 shares of the financial services provider’s stock worth $1,205,000 after acquiring an additional 29 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Equinix by 152.1% during the 4th quarter. Teacher Retirement System of Texas now owns 70,755 shares of the financial services provider’s stock worth $66,714,000 after acquiring an additional 42,689 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of EQIX stock opened at $834.59 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a market cap of $81.23 billion, a P/E ratio of 97.61, a P/E/G ratio of 1.78 and a beta of 0.74. The business has a fifty day simple moving average of $903.56 and a 200 day simple moving average of $908.28.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share 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%. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is currently 219.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EQIX shares. Citizens Jmp raised Equinix to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Oppenheimer upped their price objective on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average target price of $990.06.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 215 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the transaction, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. This trade represents a 14.73 % 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 link. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares of the company’s stock, valued at $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 in the last ninety days. 0.27% of the stock is owned by insiders.

About Equinix

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.