Amundi Pioneer Asset Management Inc. raised its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,568 shares of the financial services provider’s stock after buying an additional 6,095 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.22% of Equinix worth $82,278,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Norges Bank acquired a new stake in Equinix in the fourth quarter worth about $373,709,000. BlackRock Inc. lifted its holdings in shares of Equinix by 10.6% in the 1st quarter. BlackRock Inc. now owns 6,584,484 shares of the financial services provider’s stock valued at $2,983,823,000 after acquiring an additional 632,328 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Equinix by 23.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,314,451 shares of the financial services provider’s stock valued at $595,656,000 after acquiring an additional 250,921 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Equinix by 7.4% in the 4th quarter. Cohen & Steers Inc. now owns 3,161,793 shares of the financial services provider’s stock valued at $1,114,722,000 after acquiring an additional 218,971 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Equinix by 19.7% in the 4th quarter. Northern Trust Corp now owns 1,116,449 shares of the financial services provider’s stock valued at $393,617,000 after acquiring an additional 183,479 shares during the last quarter. 99.64% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Equinix from $500.00 to $520.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Nomura upped their target price on Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a report on Friday, March 29th. BidaskClub downgraded Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. ValuEngine upgraded Equinix from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Citigroup upped their target price on Equinix from $508.00 to $527.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $504.94.
NASDAQ EQIX traded up $0.65 on Monday, hitting $504.94. The stock had a trading volume of 320,445 shares, compared to its average volume of 489,161. Equinix Inc has a 52-week low of $335.29 and a 52-week high of $516.95. The business has a fifty day moving average of $496.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $40.78 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $5.16 by ($3.72). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Equinix had a return on equity of 5.66% and a net margin of 8.06%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.21 earnings per share. On average, analysts predict that Equinix Inc will post 20.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $2.46 per share. The ex-dividend date was Tuesday, May 21st. This represents a $9.84 annualized dividend and a dividend yield of 1.95%. Equinix’s payout ratio is 47.56%.
Equinix Company Profile
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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