Dimensional Fund Advisors LP Has $957.92 Million Position in Equinix, Inc. $EQIX

Dimensional Fund Advisors LP trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,223,028 shares of the financial services provider’s stock after selling 120,468 shares during the period. Dimensional Fund Advisors LP’s holdings in Equinix were worth $957,919,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. increased its stake in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Equinix in the 2nd quarter valued at $26,000. Abound Wealth Management increased its position in shares of Equinix by 209.1% in the 3rd 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Equinix in the 2nd quarter valued at $28,000. Finally, Cornerstone Planning Group LLC raised its stake in Equinix by 40.6% during the 3rd 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 during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQIX. Guggenheim boosted their target price on Equinix from $933.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Barclays reiterated a “positive” rating and issued a $870.00 price objective on shares of Equinix in a research report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Equinix in a report on Thursday, February 12th. The Goldman Sachs Group upped their price target on shares of Equinix from $785.00 to $894.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, UBS Group increased their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,001.41.

Insider Buying and Selling

In other Equinix news, Chairman Charles J. Meyers sold 2,094 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $804.14, for a total value of $1,683,869.16. Following the completion of the transaction, the chairman directly owned 13,253 shares in the company, valued at $10,657,267.42. This trade represents a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 2,051 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $804.17, for a total value of $1,649,352.67. Following the transaction, the chief financial officer directly owned 26,373 shares in the company, valued at $21,208,375.41. This trade represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,886 shares of company stock worth $8,748,298 over the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.6%

NASDAQ:EQIX opened at $972.01 on Wednesday. The company has a market cap of $95.50 billion, a P/E ratio of 70.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $992.90. The business has a 50 day moving average price of $840.48 and a two-hundred day moving average price of $803.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.40.

Equinix (NASDAQ:EQIX) last announced 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 return on equity of 9.60% and a net margin of 14.65%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $7.92 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts expect 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 will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, February 25th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is currently 150.11%.

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.