Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 140.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 132 shares of the financial services provider’s stock after acquiring an additional 77 shares during the period. Plato Investment Management Ltd’s holdings in Equinix were worth $109,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Equinix during the 4th quarter valued at $1,574,132,000. Vanguard Group Inc. boosted its position in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock worth $10,319,917,000 after purchasing an additional 238,815 shares during the period. M&G Plc purchased a new stake in Equinix during the 1st quarter worth $187,089,000. Principal Financial Group Inc. boosted its position in Equinix by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,649,308 shares of the financial services provider’s stock worth $1,361,224,000 after purchasing an additional 213,740 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Equinix during the 1st quarter worth $145,308,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX traded up $20.94 on Thursday, hitting $811.18. 622,717 shares of the company’s stock were exchanged, compared to its average volume of 569,080. The firm has a market cap of $76.99 billion, a PE ratio of 79.26, a P/E/G ratio of 2.66 and a beta of 0.68. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The stock has a fifty day moving average of $769.82 and a two-hundred day moving average of $796.47. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.10%. Equinix’s dividend payout ratio (DPR) is 170.91%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 price target for the company. Mizuho initiated coverage on shares of Equinix in a research report on Thursday, July 11th. They set an “outperform” rating and a $873.00 price target for the company. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $825.00 to $875.00 in a research report on Tuesday, July 23rd. TD Cowen cut their price objective on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Royal Bank of Canada cut their price objective on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $875.50.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the sale, the insider now owns 12,758 shares in the company, valued at $10,212,779. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. 0.27% of the stock is owned by company 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.