ASR Vermogensbeheer N.V. Takes Position in Equinix, Inc. (NASDAQ:EQIX)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) by purchasing 13,826 shares valued at approximately $11.27 million.
• Insider transactions included Director Christopher B. Paisley selling 100 shares for nearly $86,941 and CEO Adaire Fox-Martin selling 2,949 shares worth about $2.61 million.
• Equinix recently reported earnings of $9.91 per share, exceeding the consensus estimate significantly, and announced a quarterly dividend of $4.69 per share.

ASR Vermogensbeheer N.V. acquired a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,826 shares of the financial services provider's stock, valued at approximately $11,272,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Pinney & Scofield Inc. acquired a new stake in Equinix during the 4th quarter worth about $28,000. Pacific Center for Financial Services boosted its position in shares of Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 15 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the period. Finally, Tidemark LLC increased its holdings in Equinix by 57.1% in the first quarter. Tidemark LLC now owns 44 shares of the financial services provider's stock worth $36,000 after purchasing an additional 16 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the transaction, the director directly owned 17,569 shares of the company's stock, valued at approximately $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer owned 9,615 shares of the company's stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on EQIX. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Citigroup increased their target price on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Bank of America reduced their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Scotiabank reduced their target price on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 26th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $957.27.

Equinix Stock Performance

NASDAQ EQIX opened at $773.00 on Thursday. The company has a fifty day moving average price of $825.39 and a 200-day moving average price of $850.93. The firm has a market cap of $75.65 billion, a price-to-earnings ratio of 75.71, a PEG ratio of 1.26 and a beta of 0.90. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.22 earnings per share. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is presently 183.74%.

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.

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