Janus Henderson Group PLC Has $328.15 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Janus Henderson Group PLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 369,641 shares of the financial services provider’s stock after purchasing an additional 2,466 shares during the quarter. Janus Henderson Group PLC owned 0.38% of Equinix worth $328,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQIX. BDF Gestion acquired a new stake in shares of Equinix in the second quarter valued at about $2,659,000. Van ECK Associates Corp increased its position in shares of Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after acquiring an additional 1,716 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Equinix by 3.0% in the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock valued at $33,215,000 after acquiring an additional 1,103 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Equinix by 25.9% in the second quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock valued at $279,516,000 after acquiring an additional 75,888 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Equinix by 3.0% in the second quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock valued at $130,819,000 after acquiring an additional 5,056 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 0.1 %

Shares of EQIX stock opened at $963.65 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market cap of $92.98 billion, a P/E ratio of 86.89, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72. The stock has a 50 day simple moving average of $905.77 and a 200 day simple moving average of $835.66. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Insider Activity at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,969 shares of company stock worth $10,033,525. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EQIX shares. Barclays lifted their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. HSBC raised Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Stifel Nicolaus boosted their price target on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets boosted their price target on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $962.56.

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.