Tokio Marine Asset Management Co. Ltd. Has $2.37 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Tokio Marine Asset Management Co. Ltd. increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,670 shares of the financial services provider’s stock after purchasing an additional 161 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Equinix were worth $2,370,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Equinix in the 2nd quarter valued at $30,000. LRI Investments LLC bought a new position in shares of Equinix in the first quarter worth about $31,000. GHP Investment Advisors Inc. lifted its position in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC boosted its stake in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Equinix in the 2nd quarter valued at approximately $36,000. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. This represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the transaction, the executive vice president now owns 7,141 shares in the company, valued at approximately $5,862,689.59. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,654 shares of company stock valued at $11,577,656. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EQIX has been the topic of several research analyst reports. Mizuho raised their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price target on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $944.63.

Equinix Stock Down 0.3 %

NASDAQ:EQIX opened at $898.12 on Friday. The stock’s fifty day moving average price is $882.45 and its two-hundred day moving average price is $815.17. The company has a market cap of $86.66 billion, a price-to-earnings ratio of 80.98, a P/E/G ratio of 2.26 and a beta of 0.71. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.90%. Equinix’s payout ratio is 153.65%.

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.