Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,000 shares of the financial services provider's stock after purchasing an additional 9,172 shares during the quarter. Equinix makes up about 0.6% of Asset Management One Co. Ltd.'s holdings, 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.

A number of other hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its stake in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after buying an additional 13 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after buying an additional 25 shares during the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Equinix during the 4th quarter valued at about $47,000. Finally, Friedenthal Financial purchased a new stake in shares of Equinix during the 4th quarter valued at about $58,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

EQIX traded up $10.60 during trading on Monday, hitting $933.60. The company's stock had a trading volume of 523,352 shares, compared to its average volume of 497,929. The firm has a market capitalization of $90.08 billion, a price-to-earnings ratio of 84.18, a P/E/G ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The business's fifty day simple moving average is $934.88 and its 200 day simple moving average is $897.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Equinix, Inc. will post 31.09 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend is Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is 153.65%.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the sale, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at $18,419,399.88. This represents a 7.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. This represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,701 shares of company stock worth $15,441,464. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EQIX has been the topic of a number of research reports. Oppenheimer raised their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a report on Thursday. Evercore ISI boosted their price objective on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Scotiabank lowered their target price on shares of Equinix from $1,114.00 to $1,033.00 and set a "sector outperform" rating on the stock in a report on Thursday. Barclays upped 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. Finally, Wells Fargo & Company decreased their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday. Three equities research 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 MarketBeat.com, Equinix has a consensus rating of "Buy" and an average target price of $994.82.

Equinix 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.