Equinix, Inc. (NASDAQ:EQIX) is Daiwa Securities Group Inc.'s 7th Largest Position

Daiwa Securities Group Inc. lessened its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 549,567 shares of the financial services provider's stock after selling 5,713 shares during the period. Equinix accounts for 2.8% of Daiwa Securities Group Inc.'s holdings, making the stock its 7th biggest position. Daiwa Securities Group Inc. owned about 0.59% of Equinix worth $442,616,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Braun Stacey Associates Inc. increased its position in Equinix by 12.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider's stock worth $25,938,000 after buying an additional 3,591 shares during the period. Nordea Investment Management AB increased its position in shares of Equinix by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider's stock worth $109,459,000 after purchasing an additional 12,129 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Equinix by 127.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider's stock worth $1,130,000 after purchasing an additional 787 shares during the period. TIAA Trust National Association increased its position in shares of Equinix by 126.8% in the fourth quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider's stock worth $3,417,000 after purchasing an additional 2,372 shares during the period. Finally, DNB Asset Management AS increased its position in shares of Equinix by 20.3% in the fourth quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider's stock worth $19,699,000 after purchasing an additional 4,132 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Trading Down 1.0 %

EQIX stock traded down $7.58 during trading on Wednesday, hitting $734.56. The company had a trading volume of 510,802 shares, compared to its average volume of 560,224. The business has a 50-day moving average of $838.03 and a 200-day moving average of $801.76. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The stock has a market cap of $69.50 billion, a PE ratio of 71.25, a PEG ratio of 1.78 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, February 27th. Equinix's payout ratio is presently 165.28%.

Insider Activity at Equinix

In other Equinix news, Chairman Camp Peter Van sold 122 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company's stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Equinix news, Chairman Camp Peter Van sold 122 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company's stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles J. Meyers sold 2,110 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total value of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares in the company, valued at $8,422,659.35. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock worth $3,818,268 over the last ninety days. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQIX. Truist Financial raised their price target on Equinix from $915.00 to $950.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Morgan Stanley reduced their price objective on Equinix from $767.00 to $762.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 28th. Barclays reduced their price objective on Equinix from $818.00 to $669.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Wolfe Research raised Equinix from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, January 2nd. Finally, Oppenheimer raised their price objective on Equinix from $875.00 to $950.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $862.50.

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.