Janus Henderson Group PLC Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Janus Henderson Group PLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.0% in the 1st quarter, HoldingsChannel reports. The firm owned 337,523 shares of the financial services provider’s stock after purchasing an additional 6,569 shares during the period. Janus Henderson Group PLC’s holdings in Equinix were worth $278,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. BTG Pactual Global Asset Management Ltd purchased a new position in Equinix during the first quarter worth about $836,000. Captrust Financial Advisors raised its holdings in Equinix by 248.9% during the first quarter. Captrust Financial Advisors now owns 42,441 shares of the financial services provider’s stock worth $35,028,000 after purchasing an additional 30,276 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Equinix during the first quarter worth about $16,005,000. Ashford Capital Management Inc. grew its position in Equinix by 8.3% during the first quarter. Ashford Capital Management Inc. now owns 2,080 shares of the financial services provider’s stock worth $1,717,000 after buying an additional 160 shares during the period. Finally, Paloma Partners Management Co grew its position in Equinix by 301.4% during the first quarter. Paloma Partners Management Co now owns 288 shares of the financial services provider’s stock worth $238,000 after buying an additional 431 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Equinix Trading Down 1.0 %

NASDAQ EQIX traded down $7.78 during mid-day trading on Tuesday, reaching $768.77. 644,935 shares of the stock were exchanged, compared to its average volume of 567,620. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The business’s fifty day simple moving average is $770.11 and its 200 day simple moving average is $796.84. The stock has a market capitalization of $72.96 billion, a PE ratio of 77.33, a PEG ratio of 2.67 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a dividend of $4.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.22%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Mizuho assumed coverage on shares of Equinix in a research report on Thursday, July 11th. They set an “outperform” rating and a $873.00 target price on the stock. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $825.00 to $875.00 in a research report on Tuesday, July 23rd. Barclays upped their target price on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Finally, TD Cowen lowered their target price on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $875.50.

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.