NEOS Investment Management LLC Has $4.99 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

NEOS Investment Management LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 30.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,292 shares of the financial services provider’s stock after buying an additional 1,244 shares during the quarter. NEOS Investment Management LLC’s holdings in Equinix were worth $4,990,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EQIX. Principal Financial Group Inc. increased its position in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after acquiring an additional 5,910 shares during the period. Larson Financial Group LLC increased its holdings in shares of Equinix by 80.0% during the 3rd quarter. Larson Financial Group LLC now owns 108 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 48 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Equinix by 3,780.0% during the third quarter. Loomis Sayles & Co. L P now owns 194 shares of the financial services provider’s stock valued at $172,000 after buying an additional 189 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Equinix by 20.8% in the third quarter. Brown Brothers Harriman & Co. now owns 151 shares of the financial services provider’s stock valued at $134,000 after buying an additional 26 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Equinix by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 68,247 shares of the financial services provider’s stock worth $60,578,000 after buying an additional 1,761 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In other news, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the transaction, the chief financial officer now directly owns 22,076 shares in the company, valued at approximately $20,085,186.32. The trade was a 12.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,370 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the sale, the chief executive officer now directly owns 4,329 shares of the company’s stock, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock worth $17,466,950 in the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Trading Down 0.7 %

Shares of NASDAQ EQIX opened at $825.31 on Friday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a 50-day moving average of $898.21 and a two-hundred day moving average of $908.63. The company has a market cap of $80.33 billion, a PE ratio of 96.53, a P/E/G ratio of 1.78 and a beta of 0.74. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio (DPR) is 219.42%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQIX. Oppenheimer raised their price objective on Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Barclays lifted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Wells Fargo & Company dropped their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. BMO Capital Markets decreased their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, JMP Securities restated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Equinix currently has an average rating of “Buy” and a consensus target price of $989.39.

Equinix 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.