Equinix, Inc. (NASDAQ:EQIX) Stake Boosted by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,180 shares of the financial services provider’s stock after purchasing an additional 36,491 shares during the quarter. Voya Investment Management LLC’s holdings in Equinix were worth $165,175,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EQIX. Kestra Investment Management LLC acquired a new position in shares of Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new position in Equinix in the fourth quarter valued at approximately $39,000. Sierra Ocean LLC bought a new position in shares of Equinix during the fourth quarter valued at approximately $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix during the 4th quarter worth approximately $47,000. Finally, Key Financial Inc lifted its holdings in shares of Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Equinix from $1,020.00 to $970.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, February 13th. Scotiabank lowered their price target on Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Finally, Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1,004.94.

Equinix Trading Up 2.3 %

NASDAQ:EQIX opened at $809.32 on Thursday. The stock has a fifty day simple moving average of $839.40 and a 200 day simple moving average of $895.62. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $79.17 billion, a price-to-earnings ratio of 94.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Sell-side analysts forecast that Equinix, Inc. will post 33.1 earnings per share 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 dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.32%. Equinix’s dividend payout ratio (DPR) is presently 219.42%.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the transaction, the chief financial officer now directly owns 24,402 shares of the company’s stock, valued at $22,677,754.68. This represents a 9.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,040 shares of company stock valued at $6,547,068 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

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.