Nomura Asset Management Co. Ltd. Increases Position in Equinix, Inc. (NASDAQ:EQIX)

Nomura Asset Management Co. Ltd. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,718 shares of the financial services provider’s stock after buying an additional 11,949 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.17% of Equinix worth $150,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Equinix in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp purchased a new position in Equinix in the 4th quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new position in shares of Equinix in the fourth quarter worth $42,000. Dunhill Financial LLC increased its position in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 25 shares during the period. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares of the company’s stock, valued at $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the sale, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,054 shares of company stock worth $17,466,950. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Wolfe Research upgraded shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 target price on the stock in a research note on Thursday. Royal Bank of Canada lifted their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays increased their target price on Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $989.39.

Equinix Stock Down 0.7 %

Shares of NASDAQ:EQIX opened at $825.31 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $80.33 billion, a P/E ratio of 96.53, a P/E/G ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The firm has a fifty day moving average price of $898.21 and a 200 day moving average price of $908.63.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.27%. Equinix’s dividend payout ratio is presently 219.42%.

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.