Handelsbanken Fonder AB Has $27.72 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Handelsbanken Fonder AB lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,416 shares of the financial services provider’s stock after purchasing an additional 13,111 shares during the quarter. Handelsbanken Fonder AB’s holdings in Equinix were worth $27,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EQIX. Principal Financial Group Inc. lifted its position in shares of Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after buying an additional 431,435 shares during the period. AMF Tjanstepension AB lifted its position in shares of Equinix by 332.3% during the 3rd quarter. AMF Tjanstepension AB now owns 161,998 shares of the financial services provider’s stock worth $117,666,000 after buying an additional 124,524 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Equinix by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 431,603 shares of the financial services provider’s stock worth $313,461,000 after buying an additional 92,575 shares during the period. Nordea Investment Management AB lifted its position in shares of Equinix by 277.7% during the 3rd quarter. Nordea Investment Management AB now owns 123,366 shares of the financial services provider’s stock worth $90,493,000 after buying an additional 90,705 shares during the period. Finally, PGGM Investments lifted its position in shares of Equinix by 54.0% during the 3rd quarter. PGGM Investments now owns 254,552 shares of the financial services provider’s stock worth $184,871,000 after buying an additional 89,274 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Charles J. Meyers sold 2,110 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total value of $1,756,975.90. Following the sale, the chief executive officer now owns 10,115 shares in the company, valued at $8,422,659.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Keith D. Taylor sold 1,164 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles J. Meyers sold 2,110 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total value of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares in the company, valued at approximately $8,422,659.35. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock worth $3,818,268 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX opened at $754.74 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day simple moving average is $831.66 and its 200 day simple moving average is $803.12. The firm has a market capitalization of $71.41 billion, a PE ratio of 73.20, a PEG ratio of 1.94 and a beta of 0.58. Equinix, Inc. has a 52-week low of $672.88 and a 52-week high of $914.93.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.26%. Equinix’s dividend payout ratio is 165.28%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQIX. Morgan Stanley cut their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Oppenheimer lifted their price objective on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. BMO Capital Markets lifted their price objective on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Wolfe Research raised Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Finally, Barclays lowered their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $862.50.

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.