Equinix, Inc. (NASDAQ:EQIX) is Pensionfund DSM Netherlands' 4th Largest Position

Pensionfund DSM Netherlands grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,614 shares of the financial services provider's stock after buying an additional 1,650 shares during the period. Equinix makes up about 4.7% of Pensionfund DSM Netherlands' holdings, making the stock its 4th biggest holding. Pensionfund DSM Netherlands' holdings in Equinix were worth $8,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Valley National Advisers Inc. raised its holdings in Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider's stock valued at $28,000 after buying an additional 26 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in Equinix during the 3rd quarter valued at $29,000. Criterion Capital Advisors LLC bought a new stake in Equinix during the 4th quarter valued at $32,000. Operose Advisors LLC bought a new position in Equinix in the 3rd quarter worth $36,000. Finally, Asset Dedication LLC lifted its position in shares of Equinix by 92.6% in the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider's stock worth $37,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Up 1.5 %

NASDAQ:EQIX traded up $11.46 on Tuesday, reaching $773.84. 385,343 shares of the stock traded hands, compared to its average volume of 596,358. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 77.62, a PEG ratio of 2.67 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The company's fifty day simple moving average is $755.34 and its 200 day simple moving average is $803.11.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $4.26 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.20%. Equinix's dividend payout ratio is currently 170.91%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the sale, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the sale, the insider now owns 12,758 shares of the company's stock, valued at $10,212,779. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer raised their target price on shares of Equinix from $875.00 to $950.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Royal Bank of Canada dropped their target price on shares of Equinix from $950.00 to $922.00 and set an "outperform" rating for the company in a research report on Tuesday, May 28th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $960.00 target price on shares of Equinix in a research report on Wednesday, March 13th. HSBC cut shares of Equinix from a "buy" rating to a "hold" rating and set a $900.00 target price for the company. in a research report on Wednesday, March 20th. Finally, Truist Financial raised their target price on shares of Equinix from $915.00 to $950.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $872.81.

Equinix Company 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.

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