Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,092 shares of the financial services provider’s stock after buying an additional 55 shares during the period. Ballentine Partners LLC’s holdings in Equinix were worth $969,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQIX. CNB Bank boosted its holdings in shares of Equinix by 172.7% during the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. LRI Investments LLC purchased a new stake in Equinix in the 1st quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix in the 2nd quarter worth $30,000. Sugarloaf Wealth Management LLC raised its holdings in shares of Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Equinix during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 2.1 %

Shares of EQIX opened at $914.33 on Friday. The company’s 50-day simple moving average is $861.56 and its 200-day simple moving average is $801.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. The stock has a market capitalization of $86.81 billion, a PE ratio of 83.73, a P/E/G ratio of 2.11 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. Equinix’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $8.04 earnings per share. Analysts forecast that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.86%. Equinix’s payout ratio is 156.04%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares in the company, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,043 shares of company stock worth $8,282,119 in the last quarter. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

EQIX has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. TD Cowen lifted their price target on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and upped their price objective for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. Cfra restated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, Evercore ISI upped their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Equinix has an average rating of “Moderate Buy” and an average price target of $918.40.

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.