Westfield Capital Management Co. LP Has $56.96 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Westfield Capital Management Co. LP increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 628.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,726 shares of the financial services provider’s stock after buying an additional 61,023 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.08% of Equinix worth $56,962,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Equinix by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 130,652 shares of the financial services provider’s stock valued at $105,226,000 after buying an additional 3,250 shares during the last quarter. Skopos Labs Inc. bought a new stake in Equinix in the 4th quarter valued at $508,000. Team Hewins LLC bought a new stake in Equinix in the 4th quarter valued at $289,000. Cypress Asset Management Inc. TX bought a new stake in Equinix in the 4th quarter valued at $261,000. Finally, TCW Group Inc. raised its stake in Equinix by 9.8% in the 4th quarter. TCW Group Inc. now owns 12,883 shares of the financial services provider’s stock valued at $10,389,000 after acquiring an additional 1,145 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares in the company, valued at $10,212,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the sale, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the sale, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQIX. Truist Financial increased their price target on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets increased their price target on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research note on Wednesday, March 20th. TD Cowen dropped their price target on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Oppenheimer increased their price objective on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $874.44.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $1.41 during mid-day trading on Friday, reaching $766.12. The company had a trading volume of 294,572 shares, compared to its average volume of 843,054. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The firm has a market cap of $72.71 billion, a price-to-earnings ratio of 76.84, a PEG ratio of 2.68 and a beta of 0.62. The business’s 50-day simple moving average is $770.84 and its 200 day simple moving average is $805.91.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s payout ratio is currently 170.91%.

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.