Nordea Investment Management AB Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Nordea Investment Management AB raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 294,696 shares of the financial services provider's stock after acquiring an additional 92,975 shares during the quarter. Nordea Investment Management AB owned approximately 0.31% of Equinix worth $278,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp boosted its position in shares of Equinix by 1.4% in the 3rd quarter. State Street Corp now owns 5,826,082 shares of the financial services provider's stock valued at $5,171,405,000 after purchasing an additional 81,941 shares during the period. Geode Capital Management LLC boosted its position in shares of Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock valued at $2,079,591,000 after purchasing an additional 33,277 shares during the period. Principal Financial Group Inc. boosted its position in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Equinix by 17.9% in the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Equinix by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider's stock valued at $1,009,293,000 after purchasing an additional 19,844 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company's stock, valued at $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the sale, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock valued at $7,906,218 over the last quarter. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $19.97 during trading on Monday, reaching $940.00. The company had a trading volume of 402,691 shares, compared to its average volume of 375,797. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a market capitalization of $90.70 billion, a PE ratio of 84.76, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73. The stock has a 50-day moving average price of $938.33 and a two-hundred day moving average price of $865.80. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix's dividend payout ratio (DPR) is 153.65%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. HSBC upgraded Equinix from a "hold" rating to a "buy" rating and lifted their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Hsbc Global Res upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Mizuho lifted their target price on Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $976.81.

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.