NN Investment Partners Holdings N.V. Grows Holdings in Equinix, Inc. (REIT) (NASDAQ:EQIX)
NN Investment Partners Holdings N.V. grew its holdings in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 13.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,970 shares of the financial services provider’s stock after purchasing an additional 7,053 shares during the period. NN Investment Partners Holdings N.V. owned about 0.07% of Equinix worth $40,075,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in EQIX. Key Financial Inc purchased a new stake in Equinix in the fourth quarter worth $26,000. WD Rutherford LLC bought a new position in shares of Equinix during the 4th quarter worth $29,000. GoalVest Advisory LLC bought a new position in shares of Equinix during the 4th quarter worth $30,000. Ellevest Inc. grew its position in shares of Equinix by 1,333.3% during the 4th quarter. Ellevest Inc. now owns 43 shares of the financial services provider’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Wolff Wiese Magana LLC bought a new position in shares of Equinix during the 4th quarter worth $32,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
A number of equities analysts have recently issued reports on EQIX shares. TheStreet raised Equinix from a “c+” rating to a “b-” rating in a research report on Wednesday, April 28th. Wolfe Research began coverage on Equinix in a research report on Thursday, March 18th. They set an “outperform” rating on the stock. Cowen dropped their price objective on Equinix from $864.00 to $811.00 and set an “outperform” rating on the stock in a research report on Thursday, February 11th. Raymond James raised their price objective on Equinix from $835.00 to $856.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 11th. Finally, Evercore ISI began coverage on Equinix in a research report on Wednesday, March 17th. They set an “outperform” rating and a $820.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $827.21.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 28th. The financial services provider reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.03 by ($4.29). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Equinix had a return on equity of 4.62% and a net margin of 7.58%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.21 earnings per share. As a group, sell-side analysts forecast that Equinix, Inc. will post 21.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, May 19th will be given a dividend of $2.87 per share. This represents a $11.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, May 18th. Equinix’s dividend payout ratio is currently 50.33%.
In other Equinix news, CEO Charles J. Meyers sold 59 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $723.64, for a total value of $42,694.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles J. Meyers sold 1,778 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $687.38, for a total value of $1,222,161.64. Following the completion of the sale, the chief executive officer now directly owns 13,522 shares in the company, valued at $9,294,752.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,836 shares of company stock valued at $6,692,520. 0.51% of the stock is owned by company insiders.
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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