Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,206 shares of the financial services provider’s stock after acquiring an additional 72 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Equinix were worth $1,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its position in Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares during the period. Providence Capital Advisors LLC acquired a new position in Equinix during the 3rd quarter worth approximately $29,000. Criterion Capital Advisors LLC acquired a new position in Equinix during the 4th quarter worth approximately $32,000. Operose Advisors LLC purchased a new stake in Equinix in the 3rd quarter valued at approximately $36,000. Finally, Asset Dedication LLC lifted its stake in Equinix by 92.6% in the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. Oppenheimer upped their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Truist Financial increased their price target on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Wells Fargo & Company upped their price objective on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. BMO Capital Markets upped their price objective on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $862.50.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,585 shares of company stock valued at $3,818,268. Insiders own 0.27% of the company’s stock.

Equinix Stock Down 2.4 %

Shares of EQIX stock traded down $18.19 during trading hours on Thursday, hitting $738.65. 361,295 shares of the company were exchanged, compared to its average volume of 562,631. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The business’s 50-day simple moving average is $828.73 and its two-hundred day simple moving average is $803.06. The stock has a market capitalization of $69.89 billion, a price-to-earnings ratio of 73.41, a P/E/G ratio of 1.97 and a beta of 0.58.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.31%. Equinix’s payout ratio is 165.28%.

About Equinix

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.