PensionDanmark Pensionsforsikringsaktieselskab Boosts Stake in Equinix, Inc. $EQIX

PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 15.8% in the 2nd quarter, Holdings Channel reports. The firm owned 23,854 shares of the financial services provider’s stock after buying an additional 3,263 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Equinix were worth $24,865,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of Equinix by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 4,071 shares of the financial services provider’s stock valued at $4,244,000 after buying an additional 16 shares during the last quarter. David J Yvars Group bought a new stake in shares of Equinix during the 2nd quarter worth approximately $335,000. GAMMA Investing LLC lifted its stake in shares of Equinix by 20.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,763 shares of the financial services provider’s stock worth $1,838,000 after acquiring an additional 305 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Equinix by 255.6% during the 2nd quarter. CoreCap Advisors LLC now owns 64 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 46 shares during the period. Finally, Versant Capital Management Inc grew its position in Equinix by 13.4% in the 2nd quarter. Versant Capital Management Inc now owns 186 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EQIX shares. Mizuho raised their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Finally, Evercore reissued an “outperform” rating and set a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,196.20.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,891 shares of company stock worth $10,430,452. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

EQIX opened at $1,052.86 on Friday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $103.89 billion, a P/E ratio of 67.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The firm’s 50-day moving average price is $1,051.19 and its 200-day moving average price is $1,003.44.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.