Janus Henderson Group PLC Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Janus Henderson Group PLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,847 shares of the financial services provider's stock after purchasing an additional 166,206 shares during the quarter. Janus Henderson Group PLC owned about 0.56% of Equinix worth $505,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Equinix during the 4th quarter valued at about $1,067,270,000. Northern Trust Corp raised its stake in shares of Equinix by 65.3% during the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock valued at $1,399,042,000 after buying an additional 586,034 shares during the last quarter. Wellington Management Group LLP boosted its position in Equinix by 28.7% in the 4th quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider's stock worth $1,701,188,000 after purchasing an additional 401,991 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Equinix in the fourth quarter worth about $328,899,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Equinix during the 4th quarter valued at about $246,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. BMO Capital Markets decreased 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 research note on Thursday, February 13th. Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a report on Monday, March 10th. New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Finally, TD Securities boosted their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $1,005.11.

Insider Buying and Selling

In other Equinix news, 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 transaction of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles J. Meyers sold 3,562 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the completion of the sale, the chairman now owns 15,513 shares in the company, valued at $14,412,197.52. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,167 shares of company stock worth $6,658,536. Company insiders own 0.27% of the company's stock.

Equinix Trading Up 0.4 %

Shares of EQIX stock opened at $864.39 on Friday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a 50 day moving average price of $825.01 and a 200 day moving average price of $894.11. The stock has a market capitalization of $84.55 billion, a P/E ratio of 101.10, a price-to-earnings-growth 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 (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.86 earnings per share. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st 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 2.17%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is presently 195.01%.

Equinix Company 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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