Assenagon Asset Management S.A. Has $3.17 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Assenagon Asset Management S.A. cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,360 shares of the financial services provider’s stock after selling 31 shares during the period. Assenagon Asset Management S.A.’s holdings in Equinix were worth $3,168,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EQIX. Profund Advisors LLC increased its holdings in shares of Equinix by 3.8% during the 2nd quarter. Profund Advisors LLC now owns 1,513 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 55 shares during the period. ProShare Advisors LLC grew its position in Equinix by 22.2% during the second quarter. ProShare Advisors LLC now owns 19,143 shares of the financial services provider’s stock worth $14,484,000 after buying an additional 3,478 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Equinix by 17.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 13,149 shares of the financial services provider’s stock valued at $9,949,000 after acquiring an additional 1,990 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Equinix in the 2nd quarter worth approximately $1,149,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of Equinix by 17.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 419 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $934.00 on Wednesday. The company has a market capitalization of $90.12 billion, a price-to-earnings ratio of 84.22, a P/E/G ratio of 2.18 and a beta of 0.73. The firm’s 50 day simple moving average is $941.69 and its 200 day simple moving average is $878.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.82%. Equinix’s dividend payout ratio is 153.65%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent research reports. Scotiabank upped their target price on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company raised their price target on shares of Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Cfra reiterated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $976.81.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the sale, the insider now directly owns 8,231 shares in the company, valued at $7,531,365. This represents a 9.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,412 shares of company stock valued at $18,826,100 in the last quarter. Company insiders own 0.27% of the company’s stock.

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.