M&G Plc Has $191.81 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

M&G PLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 216,000 shares of the financial services provider's stock after selling 14,074 shares during the quarter. Equinix comprises about 1.0% of M&G PLC's investment portfolio, making the stock its 21st largest holding. M&G PLC owned about 0.23% of Equinix worth $191,808,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Norden Group LLC acquired a new position in Equinix during the 1st quarter worth $216,000. Private Advisor Group LLC grew its position in Equinix by 5.6% in the 1st quarter. Private Advisor Group LLC now owns 931 shares of the financial services provider's stock valued at $769,000 after buying an additional 49 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Equinix during the 1st quarter valued at about $804,000. Larson Financial Group LLC lifted its stake in shares of Equinix by 214.3% in the 1st quarter. Larson Financial Group LLC now owns 66 shares of the financial services provider's stock worth $54,000 after acquiring an additional 45 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Equinix by 2.5% in the first quarter. Signaturefd LLC now owns 1,202 shares of the financial services provider's stock valued at $992,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares of the company's stock, valued at $7,729,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Brandi Galvin Morandi sold 864 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares in the company, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,632 shares of company stock valued at $10,633,777. 0.27% of the stock is owned by insiders.

Equinix Stock Up 1.9 %

EQIX traded up $16.92 during trading on Thursday, reaching $907.74. 366,140 shares of the stock traded hands, compared to its average volume of 528,366. The stock's 50-day simple moving average is $874.46 and its two-hundred day simple moving average is $809.55. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02. The stock has a market cap of $87.59 billion, a price-to-earnings ratio of 81.95, a price-to-earnings-growth ratio of 2.15 and a beta of 0.71.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Equinix's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.04 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.88%. Equinix's payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent analyst reports. Mizuho upped their target price on Equinix from $873.00 to $971.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th. HSBC raised Equinix from a "hold" rating to a "buy" rating and lifted their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Evercore ISI increased their target price on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Equinix has a consensus rating of "Moderate Buy" and a consensus price target of $944.63.

About Equinix

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.