E. Ohman J or Asset Management AB Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

E. Ohman J or Asset Management AB decreased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 83.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,204 shares of the financial services provider's stock after selling 21,780 shares during the period. E. Ohman J or Asset Management AB's holdings in Equinix were worth $3,428,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Equinix by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after purchasing an additional 88,654 shares during the period. Geode Capital Management LLC lifted its holdings in Equinix by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock worth $2,269,037,000 after buying an additional 62,005 shares during the period. FMR LLC lifted its holdings in Equinix by 3.7% during the fourth quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock worth $2,135,606,000 after buying an additional 81,144 shares during the period. Principal Financial Group Inc. lifted its holdings in Equinix by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,938,572 shares of the financial services provider's stock worth $1,827,847,000 after buying an additional 44,471 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Equinix by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock worth $1,793,429,000 after buying an additional 14,294 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of EQIX opened at $914.43 on Friday. The business's 50-day moving average is $839.65 and its two-hundred day moving average is $890.68. The company has a market capitalization of $89.45 billion, a P/E ratio of 106.95, a P/E/G ratio of 1.78 and a beta of 0.97. 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, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $8.86 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Insiders Place Their Bets

In other news, 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 now directly owns 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was 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 directly owns 17,569 shares in the company, valued at $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,176 shares of company stock valued at $2,808,008. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Scotiabank lowered their target price on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Barclays upped their target price on Equinix from $834.00 to $837.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 27th. Wells Fargo & Company reduced their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, May 1st. Finally, Oppenheimer upped their price target on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and six have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $1,004.80.

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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