Asset Management One Co. Ltd. Buys 9,172 Shares of Equinix, Inc. (NASDAQ:EQIX)

Asset Management One Co. Ltd. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,000 shares of the financial services provider’s stock after purchasing an additional 9,172 shares during the quarter. Equinix comprises 0.6% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 27th biggest holding. Asset Management One Co. Ltd. owned about 0.20% of Equinix worth $181,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in Equinix in the third quarter valued at approximately $328,000. Creative Planning lifted its holdings in shares of Equinix by 16.7% in the 3rd quarter. Creative Planning now owns 7,754 shares of the financial services provider’s stock worth $6,883,000 after purchasing an additional 1,111 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Equinix by 2.7% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 1,650 shares of the financial services provider’s stock worth $1,465,000 after purchasing an additional 44 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Equinix in the 3rd quarter valued at $1,878,000. Finally, Presima Securities ULC increased its stake in Equinix by 1.5% during the 3rd quarter. Presima Securities ULC now owns 56,945 shares of the financial services provider’s stock valued at $50,546,000 after purchasing an additional 840 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Oppenheimer raised their target price on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $994.82.

Equinix Stock Performance

NASDAQ EQIX opened at $923.00 on Friday. The company has a market capitalization of $89.06 billion, a PE ratio of 83.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a 50-day simple moving average of $936.92 and a 200 day simple moving average of $894.76.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. On average, research analysts predict that Equinix, Inc. will post 31.09 EPS for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is currently 199.30%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % 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, Chairman Charles J. Meyers sold 5,788 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the transaction, the chairman now directly owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,801 shares of company stock valued at $15,530,564 over the last three months. 0.27% of the stock is currently owned by insiders.

Equinix Company 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.