Asset Management One Co. Ltd. Purchases 5,118 Shares of Equinix, Inc. (NASDAQ:EQIX)

Asset Management One Co. Ltd. raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 0.20% of Equinix worth $161,536,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pinney & Scofield Inc. bought a new stake in Equinix in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC increased its position in Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after buying an additional 23 shares during the last quarter. Pacific Center for Financial Services boosted its position in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the period. J.Safra Asset Management Corp bought a new position in Equinix in the 4th quarter valued at about $39,000. Finally, Park Square Financial Group LLC bought a new position in shares of Equinix during the fourth quarter worth approximately $49,000. Institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In related news, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction 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 transaction, the insider now directly owns 1,842 shares of the company's stock, valued at $1,616,723.40. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $86,941.00. Following the completion of the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock worth $2,808,008 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EQIX has been the subject of several analyst reports. Mizuho dropped their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. BNP Paribas raised Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. New Street Research raised Equinix to a "strong-buy" rating in a report on Monday, April 28th. Scotiabank reduced their target price on shares of 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. Finally, Barclays increased their price target on Equinix from $834.00 to $837.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $1,004.80.

Equinix Stock Performance

Shares of EQIX stock traded up $16.52 during trading on Tuesday, hitting $906.50. The company's stock had a trading volume of 431,762 shares, compared to its average volume of 529,402. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The company has a market cap of $88.67 billion, a PE ratio of 94.23, a P/E/G ratio of 1.15 and a beta of 0.97. The business has a fifty day moving average of $864.96 and a 200-day moving average of $884.21. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.23 billion. During the same quarter last year, the business posted $8.86 EPS. Equinix's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a $4.69 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.07%. Equinix's payout ratio is currently 195.01%.

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.