Voya Investment Management LLC Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Voya Investment Management LLC raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,180 shares of the financial services provider's stock after buying an additional 36,491 shares during the quarter. Voya Investment Management LLC owned about 0.18% of Equinix worth $165,175,000 at the end of the most recent reporting period.

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

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the transaction, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock worth $6,547,068 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Up 1.3 %

EQIX traded up $11.04 during midday trading on Tuesday, reaching $855.72. The company's stock had a trading volume of 160,788 shares, compared to its average volume of 548,114. The stock's 50-day moving average is $833.33 and its 200-day moving average is $895.13. The firm has a market capitalization of $83.70 billion, a price-to-earnings ratio of 99.84, a PEG ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, research analysts expect 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. Shareholders 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 yield of 2.19%. Equinix's dividend payout ratio (DPR) is currently 219.42%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. New Street Research raised Equinix to a "strong-buy" rating in a report on Monday. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Scotiabank decreased their price objective on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets cut their target price on shares of 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, Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of "Buy" and an average target price of $1,004.94.

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.