Danske Bank A S Takes Position in Equinix, Inc. $EQIX

Danske Bank A S bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 69,594 shares of the financial services provider’s stock, valued at approximately $54,509,000. Danske Bank A S owned about 0.07% of Equinix as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Brighton Jones LLC raised its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC boosted its position in Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC increased its holdings in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix in the second quarter valued at $231,000. Finally, SG Americas Securities LLC raised its position in shares of Equinix by 12.1% in the second quarter. SG Americas Securities LLC now owns 2,932 shares of the financial services provider’s stock valued at $2,332,000 after purchasing an additional 316 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a report on Tuesday, January 6th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $950.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Jefferies Financial Group boosted their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Barclays upped their target price on Equinix from $870.00 to $1,020.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.43.

Equinix Price Performance

NASDAQ:EQIX opened at $973.56 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $95.65 billion, a price-to-earnings ratio of 70.80, a P/E/G ratio of 2.51 and a beta of 1.04. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $992.90. The firm’s 50-day simple moving average is $883.74 and its 200 day simple moving average is $817.88.

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

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were given a dividend of $5.16 per share. This is an increase from Equinix’s previous quarterly dividend of $4.69. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 25th. Equinix’s dividend payout ratio (DPR) is currently 150.11%.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 1,333 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the sale, the insider directly owned 9,551 shares of the company’s stock, valued at approximately $7,681,391.75. This represents a 12.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 2,051 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 26,373 shares in the company, valued at $21,208,375.41. The trade was a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,842 shares of company stock worth $14,494,840. 0.27% of the stock is currently owned by insiders.

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.