11,558 Equinix, Inc. $EQIX Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 10,138.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,672 shares of the financial services provider’s stock after acquiring an additional 11,558 shares during the period. Equinix comprises 0.5% of Fulcrum Asset Management LLP’s investment portfolio, making the stock its 24th biggest holding. Fulcrum Asset Management LLP’s holdings in Equinix were worth $11,850,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Equinix by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,730 shares of the financial services provider’s stock worth $9,850,000 after purchasing an additional 177 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Equinix by 15.7% during the third quarter. Candriam S.C.A. now owns 45,993 shares of the financial services provider’s stock worth $46,696,000 after buying an additional 6,236 shares during the period. Uhlmann Price Securities LLC boosted its position in shares of Equinix by 258.3% during the third quarter. Uhlmann Price Securities LLC now owns 1,899 shares of the financial services provider’s stock worth $1,921,000 after buying an additional 1,369 shares during the period. Ethic Inc. grew its stake in shares of Equinix by 4.1% in the third quarter. Ethic Inc. now owns 11,865 shares of the financial services provider’s stock valued at $12,003,000 after buying an additional 468 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Equinix by 31.5% in the third quarter. Pictet Asset Management Holding SA now owns 313,578 shares of the financial services provider’s stock valued at $317,219,000 after buying an additional 75,135 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 125 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 770 shares of company stock worth $807,077. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on Equinix from $1,166.00 to $1,210.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and set a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a research note on Thursday, July 30th. BMO Capital Markets restated an “outperform” rating and set a $1,250.00 target price on shares of Equinix in a report on Monday, November 2nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $1,250.00 target price on shares of Equinix in a research report on Thursday, October 29th. Finally, Mizuho set a $1,275.00 price target on shares of Equinix in a research note on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,234.13.

Equinix Stock Performance

Shares of Equinix stock opened at $1,012.71 on Monday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a market cap of $99.92 billion, a PE ratio of 60.82, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50-day simple moving average of $1,016.72 and a 200-day simple moving average of $1,013.32.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.82. Equinix had a net margin of 16.38% and a return on equity of 11.49%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company earned $9.83 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Equinix, Inc. will post 39.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Equinix’s payout ratio is 123.96%.

Equinix Profile