Nissay Asset Management Corp Japan ADV Purchases 689 Shares of Equinix, Inc. (NASDAQ:EQIX)

Nissay Asset Management Corp Japan ADV lifted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,108 shares of the financial services provider's stock after purchasing an additional 689 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Equinix were worth $23,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EQIX. Vanguard Group Inc. raised its holdings in shares of Equinix by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock valued at $11,941,418,000 after acquiring an additional 88,654 shares in the last quarter. Geode Capital Management LLC lifted its position 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 valued at $2,269,037,000 after purchasing an additional 62,005 shares during the last quarter. FMR LLC lifted its position in Equinix by 3.7% during the fourth quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock valued at $2,135,606,000 after purchasing an additional 81,144 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 valued at $1,827,847,000 after purchasing an additional 44,471 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position 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 valued at $1,793,429,000 after purchasing an additional 14,294 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kurt Pletcher sold 127 shares of the stock in a transaction on Wednesday, May 7th. The stock was 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 directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock valued at $6,658,536 in the last three months. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EQIX shares. Barclays increased their price objective on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday, May 1st. Finally, Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $1,004.89.

Equinix Trading Down 0.2%

Shares of EQIX opened at $868.79 on Wednesday. The firm's 50-day moving average price is $823.94 and its 200-day moving average price is $893.62. The firm has a market capitalization of $84.98 billion, a price-to-earnings ratio of 101.61, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The firm 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 business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.16%. Equinix's dividend payout ratio (DPR) is currently 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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