Royal London Asset Management Ltd. Raises Holdings in Equinix, Inc. (NASDAQ:EQIX)

Royal London Asset Management Ltd. boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,310 shares of the financial services provider’s stock after purchasing an additional 1,949 shares during the period. Royal London Asset Management Ltd.’s holdings in Equinix were worth $36,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EQIX. Kestra Investment Management LLC purchased a new stake in Equinix in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix in the fourth quarter valued at approximately $39,000. Sierra Ocean LLC purchased a new stake in Equinix in the fourth quarter valued at approximately $42,000. Dunhill Financial LLC boosted its position in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in Equinix in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 0.4 %

NASDAQ EQIX opened at $851.72 on Friday. The business has a fifty day moving average price of $904.87 and a 200 day moving average price of $908.27. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $82.90 billion, a P/E ratio of 99.62, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 219.42%.

Analyst Ratings Changes

A number of brokerages recently commented on EQIX. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, February 13th. BMO Capital Markets decreased their price target on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Oppenheimer boosted their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Citizens Jmp raised Equinix to a “strong-buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Equinix has a consensus rating of “Buy” and an average target price of $990.06.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the sale, the chief financial officer now owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 in the last three months. 0.27% of the stock is owned by corporate insiders.

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.