Lansforsakringar Fondforvaltning AB publ Purchases 1,012 Shares of Equinix, Inc. $EQIX

Lansforsakringar Fondforvaltning AB publ grew its position in Equinix, Inc. (NASDAQ:EQIX) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,100 shares of the financial services provider’s stock after purchasing an additional 1,012 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Equinix were worth $24,359,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC raised its position in Equinix by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 67 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Equinix by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock valued at $426,444,000 after buying an additional 7,409 shares during the last quarter. Chilton Capital Management LLC lifted its position in Equinix by 5.1% during the 3rd quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock worth $28,908,000 after buying an additional 1,805 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership raised its stake in shares of Equinix by 10.0% in the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock worth $20,425,000 after acquiring an additional 2,378 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQIX. Truist Financial raised their price target on shares of Equinix from $973.00 to $1,087.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Thursday, January 22nd. Barclays restated a “positive” rating and set a $870.00 target price on shares of Equinix in a research report on Tuesday, January 13th. Wells Fargo & Company upped their price target on Equinix from $925.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group lifted their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,001.41.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 1,333 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.25, for a total value of $1,072,065.25. Following the completion of the sale, the insider directly owned 9,551 shares in the company, valued at $7,681,391.75. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 596 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $801.78, for a total value of $477,860.88. Following the sale, the insider directly owned 3,195 shares in the company, valued at approximately $2,561,687.10. This represents a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,353 shares of company stock worth $11,283,043 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

Shares of EQIX opened at $928.11 on Monday. The stock has a market cap of $91.19 billion, a P/E ratio of 67.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $992.90. The stock’s 50-day moving average price is $811.86 and its two-hundred day moving average price is $795.03. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.40.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.92 earnings per share. On average, equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be issued a $5.16 dividend. This is a positive change from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $20.64 annualized dividend and a dividend yield of 2.2%. Equinix’s dividend payout ratio (DPR) is presently 136.44%.

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.