Sompo Japan Nipponkoa Asset Management CO. LTD. Boosts Stock Position in Equinix Inc (NASDAQ:EQIX)

Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in shares of Equinix Inc (NASDAQ:EQIX) by 37.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 910 shares of the financial services provider’s stock after purchasing an additional 250 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Equinix were worth $459,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EQIX. Comerica Securities Inc. grew its holdings in shares of Equinix by 51.1% during the fourth quarter. Comerica Securities Inc. now owns 1,958 shares of the financial services provider’s stock worth $690,000 after buying an additional 662 shares in the last quarter. Geode Capital Management LLC boosted its position in Equinix by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 973,381 shares of the financial services provider’s stock valued at $342,531,000 after purchasing an additional 65,128 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Equinix during the fourth quarter valued at approximately $564,000. Nisa Investment Advisors LLC boosted its position in Equinix by 9.8% during the first quarter. Nisa Investment Advisors LLC now owns 25,877 shares of the financial services provider’s stock valued at $11,726,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Appleton Partners Inc. MA acquired a new position in Equinix during the first quarter valued at approximately $267,000. Institutional investors own 97.83% of the company’s stock.

In other news, CAO Simon Miller sold 385 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $516.27, for a total value of $198,763.95. Following the completion of the sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $355,710.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Camp Peter Van sold 3,191 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $549.78, for a total value of $1,754,347.98. Following the completion of the sale, the director now directly owns 4,024 shares of the company’s stock, valued at $2,212,314.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,236 shares of company stock valued at $4,867,938. Insiders own 0.49% of the company’s stock.

Several brokerages recently commented on EQIX. JPMorgan Chase & Co. increased their price target on Equinix from $524.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Equinix from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Oppenheimer increased their price target on Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets reissued a “buy” rating and set a $520.00 price target on shares of Equinix in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Co increased their price target on Equinix from $500.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Equinix has an average rating of “Buy” and an average price target of $527.21.

Shares of EQIX traded up $5.47 during mid-day trading on Friday, reaching $551.81. The company’s stock had a trading volume of 575,000 shares, compared to its average volume of 451,478. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $557.54. The stock has a market cap of $44.62 billion, a P/E ratio of 26.67, a PEG ratio of 1.79 and a beta of 0.73. The business has a 50-day simple moving average of $518.32 and a two-hundred day simple moving average of $473.27. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.34.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.14 by ($3.45). Equinix had a net margin of 9.29% and a return on equity of 6.29%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $3.63 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that Equinix Inc will post 20.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be given a $2.46 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $9.84 dividend on an annualized basis and a dividend yield of 1.78%. 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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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