Equinix, Inc. (NASDAQ:EQIX) Stock Position Raised by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 398.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,262 shares of the financial services provider’s stock after acquiring an additional 20,989 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Equinix were worth $24,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EQIX. Kestra Investment Management LLC bought a new stake in Equinix in the fourth quarter valued at $31,000. J.Safra Asset Management Corp bought a new position in Equinix in the 4th quarter worth about $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $42,000. Thompson Investment Management Inc. acquired a new position in shares of Equinix during the fourth quarter worth approximately $47,000. Finally, Key Financial Inc grew its holdings in Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock worth $57,000 after buying an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other news, Chairman Charles J. Meyers sold 3,562 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the transaction, the chairman now owns 15,513 shares in the company, valued at approximately $14,412,197.52. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares of the company’s stock, valued at $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EQIX shares. Wolfe Research raised Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target for the company in a research note on Thursday, March 27th. Scotiabank boosted their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. BMO Capital Markets decreased their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Barclays upped their target price on Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Cfra Research raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $1,005.50.

Equinix Trading Up 1.5 %

NASDAQ EQIX opened at $790.15 on Friday. The firm’s 50 day moving average price is $847.77 and its two-hundred day moving average price is $897.45. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a twelve month low of $684.14 and a twelve month 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.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share 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%. Equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business 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. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, February 26th. Equinix’s 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.