American Century Companies Inc. Has $280.81 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

American Century Companies Inc. decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,146 shares of the financial services provider's stock after selling 221,864 shares during the period. American Century Companies Inc. owned about 0.39% of Equinix worth $280,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Norges Bank bought a new stake in shares of Equinix in the 4th quarter worth about $1,574,132,000. Swedbank AB bought a new stake in Equinix during the first quarter worth about $294,526,000. Principal Financial Group Inc. increased its holdings in shares of Equinix by 14.5% during the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider's stock worth $1,428,606,000 after buying an additional 238,883 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider's stock valued at $10,319,917,000 after acquiring an additional 238,815 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Equinix in the 1st quarter worth approximately $187,089,000. Institutional investors own 94.94% of the company's stock.

Insider Activity at Equinix

In other news, CAO Simon Miller sold 569 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 864 shares of the business's stock in a transaction that occurred on 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. The disclosure for this sale can be found here. In the last three months, insiders sold 10,043 shares of company stock worth $8,282,119. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EQIX. Truist Financial raised their price target on Equinix from $915.00 to $935.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Barclays lifted their price target on Equinix from $669.00 to $671.00 and gave the company an "equal weight" rating in a report on Thursday, May 30th. TD Cowen increased their price objective on shares of Equinix from $859.00 to $865.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Equinix in a research report on Monday, July 1st. They set a "buy" rating and a $870.00 target price on the stock. Finally, Mizuho boosted their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an "outperform" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $883.71.

Equinix Trading Up 0.1 %

Shares of NASDAQ:EQIX traded up $1.11 during mid-day trading on Thursday, reaching $868.81. The stock had a trading volume of 342,942 shares, compared to its average volume of 548,638. The firm has a market cap of $82.46 billion, a PE ratio of 87.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The firm has a 50 day simple moving average of $809.13 and a two-hundred day simple moving average of $794.14. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results 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). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business posted $8.04 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts predict that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, August 21st. Equinix's dividend payout ratio is currently 170.91%.

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.