Tredje AP fonden Buys 9,335 Shares of Equinix, Inc. (NASDAQ:EQIX)

Tredje AP fonden lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 34.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,694 shares of the financial services provider's stock after purchasing an additional 9,335 shares during the quarter. Tredje AP fonden's holdings in Equinix were worth $34,598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Equinix by 302.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider's stock worth $960,820,000 after buying an additional 813,666 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Equinix during the 4th quarter worth approximately $328,899,000. Adelante Capital Management LLC boosted its position in shares of Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock worth $456,441,000 after acquiring an additional 344,114 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Equinix in the fourth quarter valued at approximately $246,000. Finally, JPMorgan Chase & Co. raised its position in Equinix by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after purchasing an additional 203,656 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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Equinix Trading Up 0.4 %

Shares of NASDAQ EQIX traded up $3.73 during midday trading on Friday, reaching $837.68. The stock had a trading volume of 695,337 shares, compared to its average volume of 586,035. The company's 50 day moving average price is $912.40 and its 200 day moving average price is $908.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The firm has a market cap of $81.53 billion, a price-to-earnings ratio of 97.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results 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 9.32% and a return on equity of 6.31%. As a group, sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. 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. This represents a $18.76 annualized dividend and a dividend yield of 2.24%. Equinix's dividend payout ratio is presently 219.42%.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 341 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the transaction, the insider now directly owns 1,430 shares of the company's stock, valued at $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 3,184 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,054 shares of company stock worth $17,466,950. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EQIX shares. Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. BMO Capital Markets decreased their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Scotiabank upped their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $989.35.

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.