Equinix, Inc. $EQIX Stock Holdings Decreased by Andra AP fonden

Andra AP fonden decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 42.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,077 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Andra AP fonden’s holdings in Equinix were worth $3,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Equinix in the 2nd quarter valued at about $892,431,000. JPMorgan Chase & Co. raised its position in Equinix by 25.8% in the third 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 in the last quarter. Vanguard Group Inc. lifted its stake in Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the last quarter. State Street Corp boosted its stake in shares of Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after acquiring an additional 220,981 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in Equinix during the 2nd quarter worth about $172,581,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX stock opened at $974.26 on Friday. The company has a market cap of $95.72 billion, a P/E ratio of 70.86, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06. The business’s fifty day moving average is $832.07 and its 200-day moving average is $801.08. 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, Inc. has a twelve month low of $701.41 and a twelve month high of $992.90.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business posted $7.92 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current 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 issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. Equinix’s dividend payout ratio is 150.11%.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,894 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the completion of the sale, the chief executive officer owned 12,366 shares of the company’s stock, valued at $9,040,658.94. This trade represents a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 2,051 shares of the 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 owned 26,373 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 14,353 shares of company stock valued at $11,283,043. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $915.00 target price on Equinix in a research report on Tuesday, January 6th. Wells Fargo & Company lifted their price target on shares of Equinix from $925.00 to $975.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Truist Financial raised their price objective on shares of Equinix from $973.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Scotiabank reissued an “outperform” rating on shares of Equinix in a 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,001.41.

Equinix Profile

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.