Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,310 shares of the financial services provider's stock after purchasing an additional 1,949 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Equinix were worth $36,122,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Financial Bankshares Inc raised its position in shares of Equinix by 0.5% in the fourth quarter. First Financial Bankshares Inc now owns 2,470 shares of the financial services provider's stock worth $2,329,000 after acquiring an additional 13 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Equinix during the fourth quarter worth approximately $770,000. Vinva Investment Management Ltd grew its holdings in Equinix by 8.0% in the fourth quarter. Vinva Investment Management Ltd now owns 4,767 shares of the financial services provider's stock valued at $4,462,000 after purchasing an additional 352 shares during the period. Xponance Inc. grew its holdings in Equinix by 4.1% in the fourth quarter. Xponance Inc. now owns 14,272 shares of the financial services provider's stock valued at $13,457,000 after purchasing an additional 559 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of Equinix by 0.6% in the fourth quarter. Intech Investment Management LLC now owns 2,789 shares of the financial services provider's stock valued at $2,630,000 after buying an additional 16 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms recently issued reports on EQIX. Wells Fargo & Company dropped their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Barclays lifted their target price on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Oppenheimer upped their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. BMO Capital Markets lowered their price objective on 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, Truist Financial cut their price objective on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $990.06.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 1,331 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares in the company, valued at approximately $5,945,508.09. The trade was a 16.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now owns 17,669 shares of the company's stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by insiders.

Equinix Trading Down 1.3 %

Equinix stock traded down $11.22 during midday trading on Tuesday, hitting $841.22. 581,026 shares of the stock were exchanged, compared to its average volume of 519,944. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock's 50-day simple moving average is $902.62 and its 200 day simple moving average is $909.60. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a market capitalization of $81.88 billion, a price-to-earnings ratio of 98.39, a PEG ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.23%. Equinix's dividend payout ratio is currently 219.42%.

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.