Nomura Asset Management Co. Ltd. Has $105.23 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Nomura Asset Management Co. Ltd. increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,652 shares of the financial services provider’s stock after purchasing an additional 3,250 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.14% of Equinix worth $105,226,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $960.00 price target on shares of Equinix in a research note on Wednesday, March 13th. TD Cowen decreased their price target on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a research note on Wednesday, March 20th. BMO Capital Markets raised their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Oppenheimer raised their price objective on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $874.44.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 12,758 shares in the company, valued at $10,212,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the firm’s 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 completion of the sale, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX traded down $1.41 during trading hours on Friday, reaching $766.12. 294,570 shares of the company were exchanged, compared to its average volume of 620,256. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The business’s 50 day simple moving average is $772.53 and its 200-day simple moving average is $805.55. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $72.71 billion, a P/E ratio of 76.98, a P/E/G ratio of 2.73 and a beta of 0.62.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $4.26 per share. The ex-dividend date is Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.22%. Equinix’s dividend payout ratio is presently 170.91%.

Equinix Company 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.