Equinix, Inc. (NASDAQ:EQIX) Position Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,118 shares of the financial services provider's stock after purchasing an additional 5,118 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of Equinix worth $161,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in Equinix by 1.3% during the first quarter. Oppenheimer & Co. Inc. now owns 8,539 shares of the financial services provider's stock worth $6,962,000 after buying an additional 112 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Equinix by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,408 shares of the financial services provider's stock valued at $5,225,000 after acquiring an additional 119 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Equinix by 4.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,599 shares of the financial services provider's stock worth $4,565,000 after acquiring an additional 249 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Equinix during the 1st quarter worth about $2,286,000. Finally, Kentucky Retirement Systems boosted its position in shares of Equinix by 0.9% in the first quarter. Kentucky Retirement Systems now owns 6,582 shares of the financial services provider's stock worth $5,367,000 after acquiring an additional 57 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director now owns 17,569 shares in the company, valued at approximately $15,274,664.29. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider now owns 1,842 shares of the company's stock, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,176 shares of company stock valued at $2,808,008. Insiders own 0.27% of the company's stock.

Equinix Stock Up 5.3%

Shares of EQIX stock traded up $39.58 on Friday, hitting $785.11. The stock had a trading volume of 2,193,059 shares, compared to its average volume of 552,695. The stock's 50 day moving average is $867.36 and its 200-day moving average is $882.41. The firm has a market capitalization of $76.80 billion, a price-to-earnings ratio of 81.61, a P/E/G ratio of 1.07 and a beta of 0.97. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period in the prior year, the company posted $8.86 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is currently 195.01%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQIX. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. New Street Research raised shares of Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Citigroup increased their target price on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Scotiabank lowered their price target on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday. Finally, TD Securities raised their price objective on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and six have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $977.30.

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.